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Investment SUNWAY BELFIELD RESIDENCE KUALA LUMPUR, Sunway gearing up for 2020 New Launch

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PAChamp
post Feb 19 2025, 03:36 PM

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QUOTE(WolfofProperty @ Feb 19 2025, 10:02 AM)
Lelong is for sure. I think most property even high- highend one also got lelong. I think Malaysia is too much over supply in property market especially in Condo/High Rise properties. Problem when so many medium and big developers keep on building condo and government keep giving them permit to build on any size of land that they can got.

I do really think government should start step in and put a stop to this, and only issued permit to well known developers.
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Unfortunately government policy is to suppress high rise prices by forcing developers to build affordable units and allowing high density for TODs. Their strategy is to flood the market with affordable units. Developers need the normal priced units to subsidise the affordable units so this will result in even more units being built. The future doesn't look bright for high rises. At the moment rents are rising in tandem with expenses squeezing the tenants.

You can still make money but you cannot buy direct from developer. Buy sub-sale from distressed buyer or under auction then because your entry cost is so much lower than the rest, you make your money. There are many opportunities but you need to be cash rich.

For own stay i would choose landed freehold which is the best choice at the moment.
PAChamp
post Feb 20 2025, 11:51 AM

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QUOTE(Cavatzu @ Feb 19 2025, 06:08 PM)
Definitions of households are changing. Many people are single. Even if they are partnered, many opt not to have kids. So then if you’re a single bachelor/bachelorette in your 30s+ do you need a big landed property?
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Its true that the people who remain unmarried are increasing and so are those who opt not to have children. Their needs are met by a high rise unit. But generally Malaysians want the "nasi lemak" 2 storey terrace units if given a choice and if they can afford it. My own situation also changed and I will move into a 2 storey landed because of legacy issue - i want to leave behind a freehold house for my kid.

 

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