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.
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.I do really think government should start step in and put a stop to this, and only issued permit to well known developers.
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.
Feb 19 2025, 03:36 PM

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