"Inki Cheekhein Niklein Gi, Mein Inko Naheen Chorron Ga"
--> if 'Inki' was meant to be 'Public/Commoner' than yes, promise kept and perfectly executing ...
and
Cheers for the Keyboard Warriors who without looking into the contents can interpret the discussions/arguments as people crying and complaining...
RIP Common Sense!
Me as a commoner and tax payer yes IK has proved to be a curse. He brags on media while not implementing anything good.
Lmao… You expect him to clear the mess of over 50 years in 100 days???
A man watches his pear tree day after day, impatient for the ripening of the fruit. Let him attempt to force the process, and he may spoil both fruit and tree. But let him patiently wait, and the ripe pear at length falls into his lap…
This person should atleast water the tree and not dehydrate it… He has caused uncertainity amongst the nation.
Bros,
A tree must be strong enough to withstand a hot weather of 100 days otherwise it can not be called a TREE.....
Regarding uncertainty..........
A LEADER IS A DEALER IN THE HOPE......
By the way, still awaiting (logic backed) response for the claims
"It is laughable and shockable and poor MATHEMATICAL CALCULATIONS to suggest pakies to keep $"
where exactly is the poverty in calculations...?
Also, last time I checked 'paki/pakies' was a slang for Pakistanis, normally from some racism driven westerners.
Agree with Imtiaz sb, greenback is the best investment and hedge in this time of crisis!
Rupee going down and down, stock markets are on a downtrend, some real estate projects may do well but due to devaluation, you will lose in real terms esp overseas investors. $ is safest
Few months ago, I advised everyone to buy dollars and most of the Aristotle on this forum disagreed with me. I purchased dollars around 104 and now I sold them for 141.50. That is over 36% ROI. Thank God I didn't buy in I-16 and other useless societies around zone-II and new airport. Alhamdolillah.
But dollar ride is pretty much over. Now is the time to invest in business and export-oriented sectors.
I am planning to invest in a company called inter-loop. It is their first IPO in Pakistan and after fulfilling next year Christmas orders for US & EU, they will deliver solid results for sure.
As far real estate, forget it for another 10 years. Green-signal has been given at highest leadership levels and more crackdowns will follow. Goal is to move investments out of property sector and back in to business & industry in order to create jobs and improve tax collection.
Anyone investing in plots now must keep in mind that there will be no overall ROI for RE sector for at least 10 years. Even most stable and strongest investors will not able to withstand this turn.
Some Socrates also predicted (months before elections) and lobbied for a big time crash of real estate that will trigger much sooner!
Its all about alternative investments and diversifying the portfolios!! Yes, no doubt the growth is with the dollar and it could be until 150 mark (a strong probability). Unfortunately, its never stable, one can easily see its fluctuating in the Inter-bank on daily basis indicating market nervousness and unstable PKR.
Housing is a basic human need to, otherwise many can be respective USD millionaire but sleep on the roads and govt. Can disburse USDs instead of plans to construct low cost houses - supporting the financially weaker. Its a questions between savings/investments and basic needs.
Market is slow, no doubt, since I-16 came in as an example, for the records the plots that were trading at 2.5 - 2.7 million in I-16 around Feb-March 2018 are now at 3.6 - 3.9 million, you can do the Math on relative ROIs. Construction activity also somehow moderate in 16/4 and better in 16/2 with a significant number under approval in CDA.
Again, USD growth is a fact and cant be denied so is residential unit construction as per basic human needs and keep the economy going.
Some Socrates also predicted (months before elections) and lobbied for a big time crash of real estate that will trigger much sooner than later!
Its all about alternative investments and diversifying the portfolios!! Yes, no doubt the growth is with the dollar and it could be until 150 mark (a strong probability). Unfortunately, its never stable, one can easily see its fluctuating in the Inter-bank on daily basis indicating market nervousness and unstable PKR.
Housing is a basic human need too, otherwise many can be respective USD millionaire but sleep on the roads and govt. can disburse USDs instead of plans to construct low cost houses - supporting the financially weaker. Its a questions between savings/investments and basic needs. One must consider not only the investment growth (even if its smallest in an year) but also the monthly rent that can be yielded. Again, it depends like savings in USD can be better than that of GBP or EUR at the moment, likewise investment in X society may prove better than in Y society.
Market is slow, no doubt, since I-16 came in as an example, for the records the plots that were trading at 2.5 - 2.7 million in I-16 around Feb-March 2018 are now at 3.6 - 3.9 million, you can do the Math on relative ROIs. Construction activity also somehow moderate in 16/4 and better in 16/2 with a significant number under approval in CDA.
Again, USD growth is a fact and cant be denied so is residential unit construction as per basic human needs and keep the economy going.
Prices already collapsed at least all over Islamabad. Not sure about the other cities. The only place prices never collapse is this website and with few touts on this forum.
Owner of this website was in Dubai recently, and when people asked him why prices are collapsing, he ran away without answering them. This is standard thing dealers do when market is down. They just walk-away and disappear.
Plots that were in the market 2 years ago are still in market without finding any buyers. Every day i get multiple calls from sellers and not a single call from any buyer.
Perhaps, keyboard-jockies should put their own plots in the market and face the music instead of watching prices on this website to satisfy their eyeballs.
Sorry, kuch ziada bol dia ho to mazraat. I didn't mean to salt anyone's wounds.
"Prices already collapsed at least all over Islamabad."
-- Specific examples with figures will help to shut the "few touts on this forum."
"Goal is to move investments out of property sector and back in to business & industry in order to create jobs and improve tax collection."
-- No, the Finance Minister (as official representative of the Govt.) don't think so at all. He is even suggesting to create a 'Stock Market' model for real estate where real estate units (plots/houses etc.) can be sold/purchased on share basis (Real estate Unit with market value of 5 million can have share value of 5000 per share with a total of 1000 shares to be floated for an asset/product that exists on ground and money to be made based on gains in share prices, whether one owns a single share or multiple).
https://www.youtube.com/watch?v=M5ViTygJkDQ
On Media: from 1:00 to 2:50 (minute).
-- 'Property Sector' or more Precisely Real Estate is a proper business itself with immovable asset on the ground that create a multitude of jobs ranging from labors to raw material, interiors, insulation, sanitary, etc. etc. All transfer fees and owned properties are already properly taxed (unless its the inefficiency of the FBR). Why the govt. will suffocate an already thriving business??
"Anyone investing in plots now must keep in mind that there will be no overall ROI for RE sector for at least 10 years. Even most stable and strongest investors will not able to withstand this turn."
-- Govt is planning to involve the banks for a more dynamic and approachable Mortgage Model (less interest rates and one window operation). So does that mean Govt. will buy land for millions of houses (as per its claims), do all the work and involve banks, triggering the public-private partnership in the process for the sake of pulling the plug suddenly one morning to demolish their biggest plan and shot itself (politically) in the head??
"Plots that were in the market 2 years ago are still in market without finding any buyers. Every day i get multiple calls from sellers and not a single call from any buyer."
-- Sorry to hear that but may be that says it all, possible personal bad choices may lead to frustrations and eternal agony. When you look to the world with the polluted glass, the entire world seems unclear.
"keyboard-jockies should put their own plots in the market and face the music"
-- The music has been faced and the figures have been furnished! The blessings of digital forums can be that facts/figures can be put to a grave with flashy words doing the tricks.
Never meant to offend anyone, in-fact tried to comfort frustrations of so many, my apologies if I have failed to do so, facts and data didn't allowed me more liberty ...
The question is about the race between growth in USD and Real Estate. Since Apr-May of this year USD is a clear winner in terms of %age of growth, that never implies Real Estate sector being Collapsed (unless in a parallel world slow = collapse).
PS:
- The Claim: "few touts on this forum"
- The Meanings: 'Tout' (verb) 'attempt to sell (something), typically by a direct or persistent approach.'
- The reality of Touts on this forum: "I am planning to invest in a company called inter-loop. It is their first IPO in Pakistan and after fulfilling next year Christmas orders for US & EU, they will deliver solid results for sure."
@ Imtiaz
I am also yet to see the collapsed prices that he has been predicting from a while here and now has unitarliy declared that they have
Usd was never trading at 104 few months back as far as I remember
If prices collapse then it will be good for ordinary citizen but unfortunately this won’t be happening
And for the slow market , I can tell you from my personal experience that it has been slow for last many years, selling these days especially the ones in crores has not been easy,
Selling depends on so many factors, location, objective if the buyer, size etc etc
Hence, if plots etc are taking longer to sell, it does not mean that market has collapsed
Mushrooming of societies also contribute to more competition and some smaller well known societies selling better and taking the chunk out of big names - creating a general perception of slow turn-around.
Also the overseas investment (end buyer transactions) happen in cycles/intervals, preferably when they visit Pakistan at certain times rather than more frequent and daily basis. One example is apartments which were a no go few years ago and even hard to sell for 4500 - 5000/sq.ft. At decent locations they now touch 6500 - 8000/sq. ft. On average with a slow growth in demand.
Unless there is a supply-demand thing, the product/service/asset never collapses but may see fluctuations in demand and price.
*Discarding the ordinary hikes that may be created by some dealers/builders games in terms of asking premiums on files.
"The only place prices never collapse is this website and with few touts on this forum."
*** Completely flusing the figures/data out from this website and few touts on this forum. Here are some facts/figures corresponding to Year 2018 appearing in the International Media (not the one that just put in flashy articles but the ones with proper research)
- World Finance | Chinese investment in Pakistan’s infrastructure drives real estate growth (July 27, 2018)
https://www.worldfinance.com/infrastructure-investment/chinese-investment-in-pakistans-infrastructure-driving-countrys-real-estate-growth
- Colliers International | RESEARCH & FORECAST REPORT
PAKISTAN REAL ESTATE MARKET REVIEW - 2018
http://www.colliers.com/-/media/files/marketresearch/apac/pakistan/pakistanrem2018.pdf
- Gulf News | Pakistan’s property market awaits chance for an upturn - New government and its economic reforms could bring about that reason to cheer (Sep 14, 2018)
https://gulfnews.com/business/property/pakistans-property-market-awaits-chance-for-an-upturn-1.2278381
- Khaleej Times | Why the time's right to invest in Pakistan property (Sep 15, 2018)
https://www.khaleejtimes.com/business/real-estate/why-the-times-right-to/-invest-in-pakistan-property
- The Rise Of The Real Estate Market In Pakistan (Nov 19, 2018)
https://www.faizanbarai.com/rise-of-real-estate-market/
Figures and Data as appeared in
https://www.faizanbarai.com/rise-of-real-estate-market/
---------
** Lahore
The data showed that om DHA Ph I-VI displayed stability for 1-Kanal plots with a nominal rise of 0.63% and an excessive growth of 1.79% in the 10-marla plots. This indicates the rise of plots which are developed in DHA from Phases V to VI by serious buyers.
Whereas DHA Phases VII-IX also showed a similar trend with a growth of 1-Kanal plots being 0.56% and 10-marla plots being 1.25%. This can be attributed to a significant growth in the development of Phase IX sector.
On the other hand, FBR reduces the policies of real estate in big cities.
** Karachi
DHA Karachi continued to be dependable by using climbs up of 0.67% pertaining to 250 rectangular yard plots, plus 0.16% pertaining to 500 square yard plots. This has been because zero major innovations had been announced presently there, plus reputable buyers dictated this market.
On the other hand, DHA City Karachi expert modest development for both 250 square yard plus 500 square yard options. The first sort went up by way of 3.28%, although the second improved by way of 3.09%. In the past month or two, fees have been dropping, resulting in a perfect circumstance pertaining to investors ahead within plus make exercise from the locality.
Bahria Town Karachi expert downward developments, by using 250 square yard plots visiting an average 1.81%, plus fees of 500 square yard plots continuing to fall by way of a reliable 0.23%.
** Islamabad
Plots of land within Islamabad’s Industry F-11 put on show the modest continuing development of 1.60% plus 1.53% for both 10-marla plus 1-Kanal selections, respectively. This can be simply because that must be exclusively 20 min’s from the Islamabad Overseas Airport, containing made exercise from the area.
DHA Islamabad, on the other hand, continued to be dependable, by using 10-marla plots rising by way of 0.20%, plus 1-Kanal plots appreciating by way of 0.23%. Its location from the flight terminal signifies that this doesn’t get the interest locations within the flight terminal are generally receiving.
Good points Imtiaz as always
Whoever says here prices have collapsed should provide some evidence like name of societies etc
Pakistan real-estate is hard to place at $/Rs bench marking as it unique in several ways from the rest of the world. No regulatory authority , no state control and a shining place to burry black money!
People of Pakistan are now more concerned about safety and security (relatively speaking) and a place like Bahria town is even cheaper than the Muhalla localities of Pindi.
Counties like India, Malaysia, as it is regularized, no one is after property unless it is agri-land.
In Pakistan stock market is in few hands and can be made to crash whenever few people decide to do so!
A crash is hard word to say when it comes to Pakistan’s real-estate. Supply & demand break-even point is still decades away on the house shortage in our country & no industrial activity is working as a catalyst in property business and will be continued as govt is not serious to bring it under the regulatory authority.
For example, Bahria Hamlet in phase8, after going to DHA, prices are increasing! My question is why?
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Respected Abdul Qayoom sahib,
Hats off.. Guru is Guru.....