New developments to share

[alnine]

Special zones like Medini will be even hotter. The secondary market likely move up for valuation about rm 800k.
The min limit of rm 1 m will hit the developers' current stock wonder if this is the reason HH new links are rm 1 m.

 

[shctaw]

Strange thing do happened and everything start to fall in place.

I am loving every moment.

In Singapore...
GST is 4% on 1 January 2003, and to 5% on 1 January 2004. It was increased to its current rate of 7% on 1 July 2007.

Properties bull run start in 2004.

It correct a bit during Lehman crisis and see the price of Singapore properties today.

 

[FHBH12]

Special zones like Medini will be even hotter. The secondary market likely move up for valuation about rm 800k.
The min limit of rm 1 m will hit the developers' current stock wonder if this is the reason HH new links are rm 1 m.

If we trace back the forum discussions, since the mid of this year we noticed that many big developers were no longer launching many terraces, but focuses on bigger and more expensive clusters and semi-Ds. Those that are still selling terraces are pricing higher and higher. Perhaps insider info. With these cooling measures, expect property launches to be delayed. Secondary market will start moving faster.

 

[FHBH12]

Strange thing do happened and everything start to fall in place.

I am loving every moment.

In Singapore...
GST is 4% on 1 January 2003, and to 5% on 1 January 2004. It was increased to its current rate of 7% on 1 July 2007.

Properties bull run start in 2004.

It correct a bit during Lehman crisis and see the price of Singapore properties today.

The GST probably played a part. However I think the bull run in Singapore came in strongly from 2005 onward due to change in immigration policy but no change in BTO policy. Singapore government was using immigration to boost the GDP and bonus of the special group. You can derive the number of immigrants and % change annually using the time series population here: http://www.singstat.gov.sg/statistics/browse_by_theme/population.html

 

[shctaw]

Same apply to Iskandar zone. They are bringing in more population, more companies and hopefully more jobs.

It will create high inflation in Iskandar which is a good thing if you invest in housing.
Another thing which will help is the widening the gap between rich and poor.

And thanks to Malaysia Govt the rich will now be even richer.

The GST probably played a part. However I think the bull run in Singapore came in strongly from 2005 onward due to change in immigration policy but no change in BTO policy. Singapore government was using immigration to boost the GDP and bonus of the special group. You can derive the number of immigrants and % change annually using the time series population here: http://www.singstat.gov.sg/statistics/browse_by_theme/population.html

 

[malpaso]

Special zones like Medini will be even hotter. The secondary market likely move up for valuation about rm 800k.
The min limit of rm 1 m will hit the developers' current stock wonder if this is the reason HH new links are rm 1 m.

congrates to buyers of medini.. whole of m'sia only place singporean can buy any price condo.. hoh seh liao

 

[shctaw]

congrates to buyers of medini.. whole of m'sia only place singporean can buy any price condo.. hoh seh liao

Will not affect Medini. Eventually there will not be a 2 bedrooms below Rm1 million.

 

[alnine]

Same apply to Iskandar zone. They are bringing in more population, more companies and hopefully more jobs.

It will create high inflation in Iskandar which is a good thing if you invest in housing.
Another thing which will help is the widening the gap between rich and poor.

And thanks to Malaysia Govt the rich will now be even richer.

Not sure about Mal Gov towards FT and FL, if strongly control as I see it for FT in my industry then will be muted or problem with growing higher paying jobs. The strong nationalism I think is good but they need to produce the skilled man power.

 

[Funniman]

Same apply to Iskandar zone. They are bringing in more population, more companies and hopefully more jobs.

It will create high inflation in Iskandar which is a good thing if you invest in housing.
Another thing which will help is the widening the gap between rich and poor.

And thanks to Malaysia Govt the rich will now be even richer.

Yes, the rich will become richer. Why?
Developers are not going to waste time on the poor. They would build houses which attract those with money. Moreso, they will be going for the max yields on the same plot of land and the GST on the supply chain of the construction industry is going to add up to the cost.
Super condos is on the way.

 

[whoami]

To add "the locals might prefer to buy direct from developer" and landed rather than condo.

If its true, then foreigners, esp sporeans, really kena screwed big time. Esp those who bought below 500K. Or those who bought @750K!

 

[Rocker]

Yes, the rich will become richer. Why?
Developers are not going to waste time on the poor. They would build houses which attract those with money. Moreso, they will be going for the max yields on the same plot of land and the GST on the supply chain of the construction industry is going to add up to the cost.
Super condos is on the way.

The locals will not be able to affort and the foreign investors will see an increase in their property price - in term of book value. Who will benefit more the developers? Or the government?

 

[Funniman]

The locals will not be able to affort and the foreign investors will see an increase in their property price - in term of book value. Who will benefit more the developers? Or the government?

It will create an enclave of the rich locals and foreigners. The poorer will be locked out to the outskirts.
The developers are going have an excuse only to launch for the super richs and tell the local council that they will build cheaper homes in the rural areas for the poor.

 

[Frodo]

If its true, then foreigners, esp sporeans, really kena screwed big time. Esp those who bought below 500K. Or those who bought @750K!

But this won't be so for those of us who buy to live in them.

 

[FHBH12]

It will create an enclave of the rich locals and foreigners. The poorer will be locked out to the outskirts.
The developers are going have an excuse only to launch for the super richs and tell the local council that they will build cheaper homes in the rural areas for the poor.

I don't really see a lot of affordable terraces launching recently in good locations. Even very far off locations new double-storey terraces are calling for around $400k RM. In the short term, developers might scale back their launches to assess the situation. It will just make the situation worse.

 

[Newbie11]

If its true, then foreigners, esp sporeans, really kena screwed big time. Esp those who bought below 500K. Or those who bought @750K!

U have not factor in inflation. 750 become 1m.

 

[alnine]

But this won't be so for those of us who buy to live in them.

It is a matter of doing your homework. Every country I go to locals do not like foreigners playing around with their property. Singapore and Malaysia are no different. We must always respect the locals and not take advantage. If you want to target the foreigners then stay within Medini, EL and LF. Otherwise be prepared to be like the locals.

 

[shctaw]

Rm100,000.... don't buy.
Rm200,000.... don't buy.
Rm300,000 .... don't buy.

This is the mentality of the masses, they will keep complaining and will never buy.

And when the price hit Rm500,000.... blame the foreigners.

We see it happen in Singapore; it will happen in Johor too.

 

[shctaw]

Should buy somewhere where only the rich can swamp and rub shoulder.... something like Sentosa Cove where the price starts at $3m.

Vantage Bay (sickly rich) and Lido Blvd (playful rich) will have such potential.

It is a matter of doing your homework. Every country I go to locals do not like foreigners playing around with their property. Singapore and Malaysia are no different. We must always respect the locals and not take advantage. If you want to target the foreigners then stay within Medini, EL and LF. Otherwise be prepared to be like the locals.

 

[whoami]

But this won't be so for those of us who buy to live in them.

Agree on tat. But we never know. One day if we r face with a "situation" whereby we need to dispose off our property, then how? Maybe force to sell below valuation? And only to locals. Hmmm.....

 

[whoami]

U have not factor in inflation. 750 become 1m.

And the valuation? How abt those who bght @500K and below? Wld the buyers willing to top up so much cash?