Heard London property price will drop and with weaker pound is a double whammy...
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The investment thread (Finally)
- Thread starter wuqi256
- Start date
Heard London property price will drop and with weaker pound is a double whammy...
No different from those that bought in Johor.
Properties generally appreciated in JB I believe, at least mine did based on recent transactions...and based on new launches setting benchmarks...
Spot on! Likely gonna be worse in the years to come.
Just avoid investing in SP Setia properties. The company is very shaky now. Terrible workmanship is expected too.
There is a Bloomberg article that says that Sg properties may benefit from Brexit and imo, if it does, there will be spillover effects in Iskandar too...
Eco Sanctuary in Singapore?
Just realised that Sg banks started offering loans for Malaysia properties in 2013 which is a sign that they also believe they make good investment...
Why you so sour grapes?
What is so sour grapes about what I said? Just stating facts....
cannot say they never tried..
http://www.thestar.com.my/business/...m2bil-investments-for-johor-from-china-firms/
http://www.thestar.com.my/business/...m2bil-investments-for-johor-from-china-firms/
Views from a property developer lah. Lots of salt. If speaking of long term, Singapore property market has much better prospects with 10m people.
Buy where land is limited. London has limited land. UK has limitless land.Same in Singapore. It has limited land. Not the same in Malaysia. It has limitless land.
Time to be a real investor for those with war chest as pounds is cheaper by 15%. For those without cash, can only look from sidelines as banks do not want to lend. Sour grapes as one may call it.
Yup. The worst is to read all these articles written by Malaysian press which has links or some relation to the property market. Same goes to those Malaysian property talks.
In today's climate, whoever keeps drilling that Iskandar properties have bright prospects are likely linked to property developer, some property agency or agents, marketers, etc.
Listing down companies which are moving into Malaysia to setup their companies does not mean the properties there will boom. There are other factors to consider. I won't type them down here for now. (Hint: You got to think broader.)
The real investors know the real dire situation behind Iskandar with respect to its oversupply of properties coming up, lack of critical mass, etc. It's been said and analysed to death. These analysts and investors have moved on instead of dwelling over this same issue. They have already looked at other investments elsewhere.
If anyone is still very hard-headed, go talk to Malaysian authorities who have no vested interest in property selling in Malaysia, especially Iskandar. Hopefully, they will be able to convince you of the true picture.
Many Malaysian banks have also made borrowing a lot stricter for Iskandar properties. I throw back the same question: Does it mean Iskandar properties will drop in value?
As far as UK properties are concerned, the rich are eyeing with eagle eyes. If you need to gloat at buyers of UK properties or wonder if the prices will start to fall because banks are cutting their loans, it means you are not rich and out of the league.
Those guys don't loan. They pay in CASH.
As far as UK properties are concerned, the rich are eyeing with eagle eyes. If you need to gloat at buyers of UK properties or wonder if the prices will start to fall because banks are cutting their loans, it means you are not rich and out of the league.
Those guys don't loan. They pay in CASH.
Last Monday, I bought GBP @ RM 5.35. Today, it is RM 5.27
Last year June 2015, it is RM 6.50. Forex difference is 20%.
Just wait and get low price properties with low forex rates. Buy Crossrail properties. Buy Zone 1. Most Londoners do not have money. It is the foreigners who have plenty of cash. Yup, if you are talking about loans, then you are not qualified. Different league altogether.
The fact that banks do not want to lend sounds warning bells to investors cash rich or not, does it not?
And it does not take much cash to invest in London anyway if you buy low cost, high rental yield properties from what I read.
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