UOB Kay Hian downgrade property market quoting the lower expected sales on second half of the year. This had lead to almost all property share price seeing red this few days, the aftermath of the said report.
No doubt property market have seen a bit of slowdown especially the new loan arrangment on third house onward and more barrier to reduce speculation among the investor. However, does this mean property market is seeing a death end? Seriously I never think so...
Investment is like a trend. This year people might like gold, next year people might like bonds.....That is reality.
But lets look at the property market as it is.
Property is always consider a stable investment. Share market will drop. Gold is expensive but imagine if price drop, you left with just an 'iron'. Land and property on other side never see depreciation on sudden mode. They are quite stable and appreciate over time. Few years back if you have a land in Klang you might think it worth nothing, but the price of land in Klang now soar like nobody business.
Property bubble going to burst? Not so fast.....Price in JB had increase steadily over the few years thanks to investment from Singapore. Klang valley continue to soar although there is lot of news that it was an oversupply status. If over supply, ask yourselves why property developer keep on building new residential, commerial offices? Why is people still buying.....and just because sales expected to drop, the market is to be downgraded.....erm.....well I am not a economics or reseacher, but I feel that big propery player like SP Setia, Mah Sing Group and Sunway are steadily recording a jump of sales over the first 2 quarter and they are expecting even a higher jump on the rest of the year.
Sime Darby investing in E&O and property developer increasing their landbank over the period hints that property developer are still very comfortable that the market will be expending. Government ETP and MRT project will give positive impact into property sector.
House is overprice....Well, I agree on this point. It was so high that most people cant buy any house. Well......looking at this point, it may look bad for the citizen but look at the sector itself, more people will end up renting house. That mean rental income will come into picture and more people are keen on property investment. True? Moreover even our house is overpriced, please look at the south (singapore) and north (HK and Japan).......you will feel so much relieve that we do not need to cramp into small house and still paying double or triple of the house price!!!!
Government plan to increase control on house loan.....erm, I have no comment on that. See it positively, if increase control mean reduce probability of bubble burst....Wasn't that something good....Anyway, that is just plan....Plan can always get scraped.
So no worries.......
Well, the reason I blog about this today is I saw SP Setia price reach as low as 3.09....I almost fainted when the price was traded at discount and most banks put an 'HOLD' on SP Setia share with a price of RM 4.00....but today it end up at 3.09....gosh, pengsan
Then i search on Mah Sing Group.....Fulamak....lowest until 1.80....I thought I just read on bank recomendation that 'HOLD" the share with predicted price of RM 2.60......
Pengsan pengsan...........why is property seeing red this week.....whats more I am working in property line now!!!
Wednesday, September 14, 2011
Monday, September 12, 2011
Drive between the lorry
Today i work in Northport at Port Klang. I just have the memories of doing external auditing for almost 3 months there during BDO time.
Today after more than 3 years didnt use the road, I was finally back to the hell road again...
Well, why do I call it a hell.......
First what ever car you drive, you look tiny. Your car is minority compare to the majority of big truck, lorry and even contena carrier.
Second, the jam after work is totally nor bareable. It barely moving
Third the jam even ended up on top of a bridge under a huge river leading to the sea just 500 metre away. Everytime a lorry pass by the road or the bridge will just shake and you will feel vibrating inside the car and keep on hoping the bridge just don't collapse
Fourth, the lorry driver never put signal when want to cut into the lane....They just turn and you must give them the way...If you don't, your baby will just free make up (calar)....
Fifth, the road is full of pothole....flooding area when rain and lot of retaining black water. One trip to Northport, your car will turn black....
Gosh....thank god is just 4 days and not 4 months....
Today after more than 3 years didnt use the road, I was finally back to the hell road again...
Well, why do I call it a hell.......
First what ever car you drive, you look tiny. Your car is minority compare to the majority of big truck, lorry and even contena carrier.
Second, the jam after work is totally nor bareable. It barely moving
Third the jam even ended up on top of a bridge under a huge river leading to the sea just 500 metre away. Everytime a lorry pass by the road or the bridge will just shake and you will feel vibrating inside the car and keep on hoping the bridge just don't collapse
Fourth, the lorry driver never put signal when want to cut into the lane....They just turn and you must give them the way...If you don't, your baby will just free make up (calar)....
Fifth, the road is full of pothole....flooding area when rain and lot of retaining black water. One trip to Northport, your car will turn black....
Gosh....thank god is just 4 days and not 4 months....
Sunday, September 11, 2011
911
911 might sound like emergency number to you.
Indeed it was....
10 years back at the date of 911, something shock and scary happen. I didnt know what happen as I do not have Astro at that time (not even now) and I go for early sleep as there is school in the early morning. Back to school, my classmate was not even 'pat' enough to tell me what happen. At that point of time, I am still a Chinaman guy where I read newspaper!!!....I cant find newspaper at library that day. I don't know why...
I went to tuition center and my tuition center teacher ask whether we can ever imagine this to happen. She say, something big will happen soon. Wow...that sound scary enough.
I went back home and everyone was in front of tv looking at news reporter. I know the world must have something great happening. Less than 10 second upon reaching my house i saw two high rise building (I don't even know what building was that at that momen) was hit by aeroplane. My jaw drop at that moment. I turn speechless minutes later when I saw the gigantic building collapse and people are running. I thought it was an accident that aeroplane hit the building but the second plane itself, I know, something is just not right!
It was 10 years then......Something that I couldn't believe to happen.
I take quite some week to see youtube posting before I can ever accept the reality that Twin Tower was hit by terrorist.
'Terrorist' a word not familiar to us, suddenly become 'D' word of the century. Islam was drag into the picture. It was soon the begin of new millenium of war and hatred. The old issue of religious and terrorism is the main issue for the year.
It was 10 years now....Many things have change. The side of WTC Twin Tower have been cleared and construction of yet another skycrappers is on the way. The true root man whether is saddam hussain or osama or any guys outside there that still roam freely is unknown.....We already don't care. 10 years is a long period....
What I can really hope for is there is no more terrorist attack and the world would be more peaceful.....
***Please do not terrorists my blog....blog kena terrorists by some Indon hacker few round!!!!
World Peace.....
Indeed it was....
10 years back at the date of 911, something shock and scary happen. I didnt know what happen as I do not have Astro at that time (not even now) and I go for early sleep as there is school in the early morning. Back to school, my classmate was not even 'pat' enough to tell me what happen. At that point of time, I am still a Chinaman guy where I read newspaper!!!....I cant find newspaper at library that day. I don't know why...
I went to tuition center and my tuition center teacher ask whether we can ever imagine this to happen. She say, something big will happen soon. Wow...that sound scary enough.
I went back home and everyone was in front of tv looking at news reporter. I know the world must have something great happening. Less than 10 second upon reaching my house i saw two high rise building (I don't even know what building was that at that momen) was hit by aeroplane. My jaw drop at that moment. I turn speechless minutes later when I saw the gigantic building collapse and people are running. I thought it was an accident that aeroplane hit the building but the second plane itself, I know, something is just not right!
It was 10 years then......Something that I couldn't believe to happen.
I take quite some week to see youtube posting before I can ever accept the reality that Twin Tower was hit by terrorist.
'Terrorist' a word not familiar to us, suddenly become 'D' word of the century. Islam was drag into the picture. It was soon the begin of new millenium of war and hatred. The old issue of religious and terrorism is the main issue for the year.
It was 10 years now....Many things have change. The side of WTC Twin Tower have been cleared and construction of yet another skycrappers is on the way. The true root man whether is saddam hussain or osama or any guys outside there that still roam freely is unknown.....We already don't care. 10 years is a long period....
What I can really hope for is there is no more terrorist attack and the world would be more peaceful.....
***Please do not terrorists my blog....blog kena terrorists by some Indon hacker few round!!!!
World Peace.....
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