No one selling, no one buying & no one occupying - is that a good market?

Or it means that there is an oversupply in the market.

When you say price has gone up to 700K are you refering to word of mouth, asking prices, sale prices or valuation prices? Because all 4 are different.

No one selling, no one buying & no one occupying - is that a good market?

Obviously over supply ? Spain property market in the making. 
No difference ! people like to "hear" their property price go up, though paper/sound of gain. 

Very Good ! Jolly Good 

Dead Chicken coming 

More properties to be auctioned next year[SIZE=7]

Read all about it here:-
http://www.propertyguru.com.my/en/property...m_content=links

Thanks for sharing.  That is what I thought as well.  Removal of  DIBS really kills!

Not true lah ! HBA r a bunch of dreamer.

According to developer & REHDA next year properties market will back to full boom,  people realised that there is no price drop, so people will continue to BBB & price will UUU for sure,  after SPM results all those students will move into KV to work & study,  they would sapu all current house either buy or rent,  so no worry of oversupply.
People r dead worry over GST will cause house price further going up, so sure buy on 2014, then according to some minister price of goods will drop after GST, people have more spare money sure buy more properties to goreng.

Developers say it took 60 years to build enough house for Malaysia to equalise develop nation,  so at lease 60 years property booming.

yes, the occupancy rate is very annoying.
My fren who stays in a landed in Kota Kemuning, I think he bought the house 4 yrs ago about RM400k plus, move in 1 year ago, i just when there recently, looks like < 50% occupy. and I believe many places is like that.
But the price has just shoot up to RM700K.

It shows that either the seller cannot sell due to higher asking price or some really means for own stay.
but surprisingly there is no auction for all these houses or condo and it show those property owners are really cash flow strong.

A financial wizard    Higher profit margin than typical illicit drug dealer profit margin of 100%; Can't think of any other business could be better than property flipping. Investment bankers, hedge funds, illicit drug dealers are in the wrong business and should learn from sifu here   

More properties to be auctioned next year[SIZE=7]

Dec 23, 2013 - PropertyGuru.com.my

Next year’s hike in real property gains tax (RPGT) rates and the ban on Developer Interest Bearing Scheme (DIBS) will likely see more property being auctioned in 2014, according to National House Buyers Association (HBA) secretary-general Chang Kim Loong.

“I will not be surprised if there will be a lot of properties for auction next year. I won't be surprised because a lot of people who bought into properties for investment, they are now caught out with RPGT and DIBS,” he said in a SunBiz interview.

He noted that in case the property market slows down and buyers who acquired properties with DIBS are not able to pay their loans, ending up with their property being foreclosed; these buyers will not be able to repay their debts even after their properties have been auctioned while banks will not be able to recover the loan’s full amount.

“Assuming there is a slow down in the market, do you think the bank will finance 100 percent of DIBS at RM600,000 for a unit that is actually priced at RM500,000 without DIBS? The banks will also not be able to recover the RM600,000 (after the property is auctioned off) because they hiked it up in such a way for interest purpose,” explained Chang.

Notably, the banning of DIBS including any of its permutation is expected to stabilise the property market as well as bring speculation to a more realistic level since property prices will now be more reflective of the market value.

“From the last discussion I had with the Valuation and Property Services Department, they said the market has slowed down to a more moderate level and they expect that there will be a saturation point next year,” he said.

“I hope it becomes a reality and to a certain extent, first time house buyers will be able to buy into properties.”

Read all about it here:-
http://www.propertyguru.com.my/en/property...m_content=links

More properties to be auctioned next year[SIZE=7]

Although we don't like it, but the flippers could make much more in % wise. With DIBS and zero entry cost, flippers could buy a studio for RM300k. Their cost is maybe RM8k (stamp duty for S&P and loan). Upon VP, they flip it for RM400k. Their profit is RM100k. Their capital is RM8k. Their margin is hence 1250%. In effect, they use RM8k to turn it into RM100k 

Yep, with the ban on DIBS and RPGT increase, those who bought multiple units for investment purpose will be having a hard time ahead. But of course this does not apply to the super rich ppl
It'll be interesting to see if properties in Penang gets auctioned off...