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33 comment(s). Last comment by Ahbeng Beng at Jun 20, 2016 6:44 PM
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little_snake
796 posts

Posted by little_snake > Jun 13, 2016 4:48 PM | Report Abuse

it is a junk


paper123
23 posts

Posted by paper123 > Jun 13, 2016 5:07 PM | Report Abuse

properties is good lah...


moneySIFU
5473 posts

Posted by moneySIFU > Jun 13, 2016 6:10 PM | Report Abuse

狗屁不通,颠三倒四,喧哗取众,旨在出位。


citychew_1886
58 posts

Posted by citychew_1886 > Jun 13, 2016 6:28 PM | Report Abuse

Good sharing , thanks you so much .


moneySIFU
5473 posts

Posted by moneySIFU > Jun 13, 2016 7:12 PM | Report Abuse

How about Bangsar? Damansara Height? Bukit Tunku? Can anyone still build double storey houses there?

房產根本不会自己上涨,房產只能不动的待在那里,无法开拓商业疆土,只能偏安一禺。虽然人口增长会带旺该区经济,但是房產供应也会增加,抵销了需求的增长,供需相抵,房產价格自然不会上涨。


moneySIFU
5473 posts

Posted by moneySIFU > Jun 13, 2016 7:24 PM | Report Abuse

The basis of article is based on unlimited land available at a particular place. It is true if you need to pay RM1 for 1 little AIR, the next little AIR will be the same price because of unlimited supply of AIR.

Land is a limited resources, please go back to school to study what is theory of DEMAND & SUPPLY before writing any more article.


QQ12
138 posts

Posted by QQ12 > Jun 13, 2016 7:55 PM | Report Abuse

Good to share but property still very good to invest as long as u have holding power.


sengkee
1632 posts

Posted by sengkee > Jun 13, 2016 8:19 PM | Report Abuse

Good article. At least the writer has the gut to give different view. Well done Oriental Daily for not acting as the "speakers" for property developers. Keep it up.


cruger12345
626 posts

Posted by cruger12345 > Jun 13, 2016 8:47 PM | Report Abuse

Utterly rubbish .


wolf1
721 posts

Posted by wolf1 > Jun 13, 2016 9:09 PM | Report Abuse

This is rubbish lah. Do he know what is leveraging or not? Do he know what is multiplexing effect or not?


blackspy
60 posts

Posted by blackspy > Jun 13, 2016 11:13 PM | Report Abuse

地球太危险了!赶快回火星吧!那边有无止尽的地可以给你住。


Lulu La
906 posts

Posted by Lulu La > Jun 13, 2016 11:23 PM | Report Abuse

He say property price wont up...do he understand what is inflation? Although i agree the price is up too much


kench
4 posts

Posted by kench > Jun 13, 2016 11:26 PM | Report Abuse

升級到產業發展政策研究了!


kakashit
1471 posts

Posted by kakashit > Jun 14, 2016 8:06 AM | Report Abuse

"如同一个人中了彩票时,会忽略自己过去几十年付出的购买成本一样。"

我喜欢你这句,不过我对你的金本位毫无兴趣,股票才是王道。


cheeseburger
1740 posts

Posted by cheeseburger > Jun 14, 2016 12:15 PM | Report Abuse

few comments:
1. Gold is not really a good commodity to invest. Warren Buffet never invest in gold. Remember that.
2. We shall not take lottery as example. Lottery and share are not the same, one is gambling, another is investment, if you follow the correct way to invest.
3. Malaysia BLR in average from 1994-2014 shows average of 6.93% . Today the BLR is 6.85% , we are not very far from the average. Remembered in 2007-08 Sub-prime crisis, the BLR still stood at 6.75% , at time our national reserved was far more below what we having today.

I been listening to story of housing bubble since many years back. And today still listening to same old story. I dont see housing price collapsed, it just keep growing if not stagnant. BNM has taken steps in controlling house hold debts and decline unqualified home loan applicant. This will further strengten the banking loan system and down play the speculations.


Tigerbeer
379 posts

Posted by Tigerbeer > Jun 14, 2016 12:25 PM | Report Abuse

Wow.. cheeseburger.. wanna stress ur point also no need to post three times one.. hahaha anyway, this article has nothing special.. housing interest can be reduced with flexible loan and able to yield rental + appreciation, can gold yield any rental income


cheeseburger
1740 posts

Posted by cheeseburger > Jun 14, 2016 12:27 PM | Report Abuse

Property price controlled by few factor. Put developer gain aside, let's look at the cost:
Labor - Gov has increased the minimum wages starting 1-July, will this not impact to construction sector?
cement, steel, bricks, aluminum - will these not affected by currency exchange rate, electric tariff, GST?
Land price - what was the price per sqft for a vacant land today compare to few years back? just take any example and compare. Are they going down?
DIBS - Gov removed the DIBS scheme, technically it should bring down the housing price as developer no longer bear the interest when during constructions, but did you see price being reduced?


cheeseburger
1740 posts

Posted by cheeseburger > Jun 14, 2016 12:28 PM | Report Abuse

Tigerbeer, I did not post 3 times. This was the system error.


octop
188 posts

Posted by octop > Jun 14, 2016 2:11 PM | Report Abuse

What he said has a little truth. Note that he didn't say prop price don't hike incredibly. I actually go bck calculated and found some similarity. Take real example: house in Puchong 190k in 1998 now (2016) sold for 700k.
The CAGR is around 7.26%/yr (if I calc correctly) but your BLR is 6.85% + stamp duty, legal fee etc., you actually didn't earn that much. Even you factor in rental, don forget you also need renovate.
Of course for happy path, you got a flexi loan and you always pay more than installment, you got tenant and it stayed for 20 yrs etc. then you of course you gain.


harpluck
22 posts

Posted by harpluck > Jun 14, 2016 2:12 PM | Report Abuse

cheeseburger: I agree with you although in the 80's...the story of housing bubble is around since ~83 and it wasn't until 87 that one can buy apartment at half the developer price. Of course, I don't see that coming now that it's easier for central bank to print money compare to the 80's.


yuefei01
150 posts

Posted by yuefei01 > Jun 14, 2016 2:16 PM | Report Abuse

This article is good but if we understand the wisdom behind. House price increased might be due to currency depreciation and absolute value might not increase. If we compare house price to gold or something like how many egg or mcd cheeseburger or how many bottle of Tigerbeer we can buy with the price of your house, house price might not increase much. The only advantage of buying house is the leverage (only true when interest rate is low). During interest rate rising cycle, money that we get from property investment might not even able to beat the FD rate (not to say the loan rate). Even now, we can easily get FD promotion with more than 4 % rate. Look at what happened during US subprime crisis and that is a clear example. Anyway, that is not going to happen in Malaysia anytime soon as our property still relatively cheap.


octop
188 posts

Posted by octop > Jun 14, 2016 2:18 PM | Report Abuse

... + cukai taksiran, cukai tanah, maintenance fee, fire insurance, MATR, indah water ... all fixed cost, need to pay even no one stay


yuefei01
150 posts

Posted by yuefei01 > Jun 14, 2016 2:21 PM | Report Abuse

If you have a condominium renting out to tenant now, try to calculate how many percent net you can get(deducted all the fee that you have to pay like maintenance, insurance, assessment fee, quick rent etc...)


octop
188 posts

Posted by octop > Jun 14, 2016 2:28 PM | Report Abuse

Condo 1000 sqr ft near LRT in Selangor easily > 700k, taking 30yr loan you still have to pay around > rm2500/month. How much you can rent? In Selangor, rental for new unit fully furnished 1700-1900, but then you easily spend another 30k for renovate/furnishing. And minus maintenance fee 250/month, insurance and all those fixed cost ... you still at a lost technically if you plan to sell in 30yrs


yuefei01
150 posts

Posted by yuefei01 > Jun 14, 2016 2:43 PM | Report Abuse

octop. You are right, there are a lot of hidden cost we need to pay even we have no tenant. some people will always tell us how good is return from property investment and even create illusion that property price will continue to increase with high rate simply because they are making money from property transaction (property agent, lawyer etc..). Until you have an apartment or condo and rent it out, you will know the truth.


cheeseburger
1740 posts

Posted by cheeseburger > Jun 14, 2016 2:59 PM | Report Abuse

US Sub prime crisis was caused by greed. The banker took higher risk to approve loan to those who may high chance to default loan. That is what our BNM is doing today to prevent such thing happen in m'sia.


cheeseburger
1740 posts

Posted by cheeseburger > Jun 14, 2016 3:06 PM | Report Abuse

the main problem here is the mismatch of people salary hike as compare to commodity price. 10 years ago an engineer starting pay is $2400, today is still almost the same which is something wrong.


yuefei01
150 posts

Posted by yuefei01 > Jun 14, 2016 3:10 PM | Report Abuse

Don't you see the same greed growing in Malaysia too? Be honest, a lot of us own more than one house. BNM try to curb lending and government built more affordable house. What does that mean? higher supply at cheaper price and lower demand (house buyer fail to get loan). What will happen to property price? We are lucky because inflation rate in Malaysia is not that high and BNM do not have the pressure to increase rate. else, it will be worse!


cheeseburger
1740 posts

Posted by cheeseburger > Jun 14, 2016 3:29 PM | Report Abuse

end of the day, we will see if property price would drop like what people said 'bubble'.


yuefei01
150 posts

Posted by yuefei01 > Jun 14, 2016 3:44 PM | Report Abuse

Cheeseburger, price might not drop but value will drop. For example, now you will need 2 kg of gold to buy an apartment but 5 years later, you only need 1.5 kg of gold to buy the same apartment. or another example, when you sell your house today, you can buy 40,000 CheeseBurger but when you sell it 5 years later, you can only buy 35,000 CheeseBurger. However, in RM term you might still making 20 ~ 30 % profit when sell 5 years later. You read the article again and digest what it try to tell. even last paragraph "房產价值∕价格下跌三、四成". 价值 and 价格 is 2 difference things. That is just my opinion and happy reading.


harpluck
22 posts

Posted by harpluck > Jun 14, 2016 4:03 PM | Report Abuse

speaking of maintenance cost - just so happen that I stayed in two place where the management post overdue maintenance fee on the board and a same mr. Ho turns out in few units of the two condo, each unit owing 20-50k fees. guess the lift service will drop before price drop. haha


sostupid
365 posts

Posted by sostupid > Jun 14, 2016 5:14 PM | Report Abuse

馬幣貶值你還跑出來講房地產要泡沫化,你到底哪根蔥有問題,人笨到這樣也不要怪大環境.未來的環境房地產不會泡沫化, 只是每一個人必須要盡量做到自己應該做的事情而已.


Ahbeng Beng
415 posts

Posted by Ahbeng Beng > Jun 20, 2016 6:44 PM | Report Abuse

All these are very academic stuffs, which isnt quite applicable to real life. In theory, if land expansion has no limitation, and the city alllow many activity zone, then the overall price grow has limitation as when it becoming unafforable, will be the time city expand. But on paper totally ignored human decision and preferences.

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