did i sense sarcasm?

I'm currently renting there for 2 years plus already.

when i rented there from 2008, it was 400k+ and being a fool i said to ppl who wanna buy a 30+ year old house for 400+K? and now look at the price LOL

and no, that unit is not a corner lot

My brother bought his d/s hse in DJ in 1986 for 196k.   Today it is worth about 700k to 750k.   Annual appreciation is abt 6%.  

DJ d/s if remember correctly in 2007/2008 ~RM4xx. So 3-4 yrs ago at this time your bro must be complaining appreciation less than 4%. Now everybody making hoohaa  must buy properties 


In prime areas, much as we want prices to drop, I think it is only wishful thinking.   Prices increased so much, due to inflation.  Much as we lament abt very low income, there are alot of ppl who are paid very well.  I recently interviewd few candidates for managers post, and mind you, people are are below 35 can be earning an annual package of 200k to 300k.  Malaysian high savings rate, meam alot of aunty and uncle have stashed alot of $$$, and due to inflation, and rising prices, people are grabbing hses.

A superlink in wah, so far away from Klang valley, also recently launched for 600k to 700k.  How can u expect prices for SS2 or Damansara Jaya to come down?  Impossible!!!
Agree to some extend. Mature area most owners already paid full, they are not desperate to sell. Unless got into financial problem, may be during downturn. If give discount 10% below market most gone within a week. Only buyers desperate to buy. Bear in mind SS2/DJ mostly are not gated, tat -ve point. +ve points are old hse larger that d/s in new area eg. MD. So price should be flatten aft the recent hike

Land is scarce.  People taste have changed. People who have money, are not just looking for a roof over their head.  They want good neigbourhood, good address, etc.  Therefore, prime areas like Mutiara Damansara or Bandar utama, and the likes, will hold their prices well.

Landed properties, due to low rental yields, are less of a target for speculators.   People buy for own stay, or keep for children.  So, if supply is under control, prices cannot have freefall.  In 2009, my niece wanted to buy a hse, but want to wait for cheap sale.  Good thing she got smart and bought sthg.

In 1997, prices dropped badly, because of high interest rates.  Today, at BLR- 2% (some even BLR-2.4%) and long tenures (in the 80s, tenure is only 10 years to 15 max) of up to 45 years, property bubble will not burst.      A RM1 million loan, only need RM4,200 to service.  Back in 2000, the same loan due to a lower tenur, will need more than 10k a month to service loan instalments.

Do share more on your experience in 1997 on local property. As far as I know (limited knowledge cause overseas), residential properties didn't dropped badly at matured area like BU. Understand shophouses in SS2 highest 1.6M/or 2.4M? plunged below 900k within few mths if not mistaken reading from one article. Friend who bought Riana Green condo in 1996 sold slightly higher price couple yrs later only complained abt the >10% interest rate. Didn't mentioned abt price dropping. Remembered he mentioned aunties/uncles snatching buying like fish market. Sibling who bought new Sunway D'sara d/s for ~390k in 1996/1997 got a rebate cash back of nearly 20% discount of $70k in the coming months. Wat an gain during crisis. Sunway the best developer  .

If need a house, dont wait!!! Don't rush also. Do own study.

last i check 1.5k, now i'm not sure since i''ve just extended my contract for another 2 years.

Did anyone hear rumours about policy on 4th property?
I saw from other property forums, that some of the forumers were told to complete their loan soonest as possible as there might be a new policy coming up

Just prediction only ya.....

Middle class homes
The Star

News in The Star newspaper today. I think the first time house buyer will wait for this to launch since it is only eligible for 1st time buyer.  New property launches may get affected by this news, coz most of the 1st time buyer will wait and see... 

Middle class homes
The Star

News in The Star newspaper today. I think the first time house buyer will wait for this to launch since it is only eligible for 1st time buyer.  New property launches may get affected by this news, coz most of the 1st time buyer will wait and see... 

Malaysia equivalent of HDB?  Hmmm...

I wonder what impact this will have on the existing supply of homes.  The middle income will probably go for this scheme, instead of buying those that are highly priced now.  Will the existing home prices drop as demand slows?

Middle class homes
The Star

News in The Star newspaper today. I think the first time house buyer will wait for this to launch since it is only eligible for 1st time buyer.  New property launches may get affected by this news, coz most of the 1st time buyer will wait and see... 

220k is bare unit and 300k with basis fitting eg tiles, toilet etc, if true then price is no diff from the normal condo/apt

Middle class homes
The Star

News in The Star newspaper today. I think the first time house buyer will wait for this to launch since it is only eligible for 1st time buyer.  New property launches may get affected by this news, coz most of the 1st time buyer will wait and see... 

Middle class homes
The Star

News in The Star newspaper today. I think the first time house buyer will wait for this to launch since it is only eligible for 1st time buyer.  New property launches may get affected by this news, coz most of the 1st time buyer will wait and see...