hi, I notice the property price in klang valley is slowly coming down thanks to the poor economic outlook for Malaysia and our political stability is also a big question mark lately. GST is also a factor as people has less money to spend . Do you agree with this observation? Of course I agree the new launching keeps on going up.

Any specific examples?

Mm.. what i seen is stagnant or slowly increasing at very slow pace...

I see some new launch price drop too. The cheras for example.

Should have more new launching cheap with good price.

More younster buy rumah selangorku.

Market still not good with news of govt printing $$ to support 1mDB.

transactions are going down..prices are stagnant for the most part.


...for how long this will persist no one knows for sure..if wanna guess, I would think transactions will pick up
in 6 months time or so.

Better be safe. Dont buy si beh far like semenyih and selling overprice.

Still can find subsales not si beh far like cheras. Serdang link house at 450k.

Nahh....i dont see it. Just went house hunting with my friend in Bangi last weekend. Ask for subsale terrace house, called agent. Said price is 850K,740K all over the place for the same terrace intermediate house. Corner lot told the price is 1.1 mil. No G&G, leasehold. This is Section 8 area.

Agents and owners are still living in fantasy, even in Bangi. Even my semi-d house, VPed early 2014 i bought for 760K got one owner wanting to sell for 1.1 mil. Imagine....got logic or not.

This post has been edited by kamilnu: May 13 2015, 09:05 PM

hi, why do you think transaction will pick up in 6 months? Businesses are really suffering now and many retail shops are losing money. Many companies are trimming staffs and many multinational companies are moving out of Malaysia to bigger markets such as Indonesia and Thailand. I might sound negative but looks like Malaysia is heading down south big time!!

Tell me something i don't already know.

I was looking at sub sale housing price since March and noticed that prices for the same model same size, the prices can differ 200-300k and those above 1 million can see even 500k. Not sure whether prices are going down but I think the days where you can make huge profit are slowing down.

More bangla and Myamar are moving in.

I just rent out my shop lot @ kajang to Bangla.

No demand from buz ppl. Only got demand from bangla.

This is what Malaysia is all about. Our politicians are saying that our economy is well on track and we are doing well. In fact, they are saying our rakyat is happy and are supporting all the government policies. Is this the truth?

The property agents are behaving the same way and are tyring to paint a rosy picture . They will try to convince you to buy now or you will regret later.

Everybody is an actor and pretends to do well with the so called Malaysia boleh attitude.

But in actual fact, we are bleeding heavily and will turn into the next Greece

Owner and agents just pluck figures from air only. For example, Bangi developments are quite cheap when it was launched. Those S&P signed 4 years ago. Owner still can pay comfortably. They put kaw2 price and wait for water fish. Bleed slowly still ok for them.

yes, I have been hearing and reading about businesses going down, recession coming etc etc but will this impact
the local property market drastically ? inflation is soaring and many people will be trying to hedge by buying properties which actually is not too bad
an idea if you can afford it..

I have been hearing an impending property bubble since 2 years ago or so but the "noise' has now disappeared..so in the end, believe what you want
to believe.

I also agree that faraway places like semenyih, bangi etc is a bit more risky for investment..

the crazy BBB days are over ..but does that mean the DDD days are ahead? (DDD- die die die)

transactions are falling BUT prices are still holding steady in general..

hahaha not really, in fact the property is running quite well this month, many purchase subsales and the purchasing price wasn't below bank value

hi property agent
Can you share with us the property and location which you claim are transacting above bank value? I am curious

My banker informed the subsale market is hitting a sharp slow down because of market cooling and bank loan approval is stricter. However the new projects are still going well and prices are not exorbitantly priced high. Example is area like bukit jalil where there are more and more condo around the lrt stations.

got townhouse or aparment 150000-250000 near klang?

i also heard rumours saying bank closing water tap.
But IMO, as long as you qualified, decent DSR and good ccris record, i dont see why want to decline your loan?

so far i do not see prices dropping. unless something wrong with the property, or its' priced too high to start with, or wrongly designed / marketed.