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Property in Economy Crisis, What will happen to property market?
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gkl83
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Oct 11 2008, 11:31 AM
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if economy recessions hiked, everything will be less demand and material price increased... by common sense new property price wont drop... the common issues during recession is on the Bank Negara Malaysia side... the BNM's BLR will increase (current 6.75%) for sure, maybe 8%++ later? and for sure bank wont offer fixed interest rate even again for now... overall only the bank interest will killing you but bank still will reduce the little of interest rate for u during recession, if unlucky that ur company going to fire some staffs to cut cost, u will having big problem that jobless but need to pay house installment... actually if u wanna to buy a new house, the best may early of this year before petrol hike... quite a lot of house price increased because of petrol, transportation and material... but if u dont mind for old houses, u can get it quite easily during economy recession bcos some investors may loss money that time and selling their house to cover their loss...
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gkl83
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Oct 24 2008, 08:33 PM
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QUOTE(toto4d @ Oct 23 2008, 09:07 PM) Guy, I am considering to purchase a unit at U1 Residence Suite in Shah Alam. The unit is 1100ft2, total price at 350k, will be completed at 2011. I got loan offer for 300k at BLR -2.2%. The purpose is for investment (gain rental mainly, hopefully there is appreciation), but i really doubt whether i should go on looking at current market. Any advice? if ur property for business... u will get good rental bcos the location... if ur property for staying... i think may difficult to fetch good price bcos of the heavy road traffic, the "music" will appear around 730am-930am and 600pm-800pm...
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gkl83
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Oct 25 2008, 08:06 AM
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QUOTE(toto4d @ Oct 25 2008, 04:57 AM) Oh, "music"? U mean from the highway around is jam? The property is for staying .... i means the roads just right beside the building... between jalan subang, persiaran jubil perak & jalan batu tiga lama i working at glenmarie... i able to jam there around 30-45minit (after working hour) around that areas only for around 3km road trip only even sometime i cut Q illegally...  no only me cut Q, a lot of cars cut Q as well, so u can imagine the traffic bcos of those inefficient traffic light... maybe u can drop by there around 6-7pm have a look but sometimes the road quite clear... http://maps.google.com/maps?f=q&hl=en&geoc...5,0.006909&z=17but i thought this house below RM260k only? why u the price RM350k? RM90k differences... http://forum.lowyat.net/topic/674801This post has been edited by gkl83: Oct 25 2008, 08:08 AM
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