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 subsale property price coming down

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ims2628
post May 13 2015, 09:53 PM

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QUOTE(musa putih @ May 13 2015, 09:36 PM)
hi property agent
Can you share with us the property and  location which you claim are  transacting above bank value?  I am curious
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I'm not property agent, i'm banker just for your information. Some is slightly above bank value 10k-20k, but mostly is match bank value, so far if there's anyone claim below market value case i don't think so.
cheahcw2003
post May 13 2015, 09:54 PM

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QUOTE(tikaram @ May 13 2015, 08:43 PM)
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.
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For new launch, absolute price drop, but price psf could be escalating, developer just tends to build smaller size apartment, some squeeze in 3 bedrooms in 700-800sf BU
cheahcw2003
post May 13 2015, 09:58 PM

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QUOTE(tikaram @ May 13 2015, 08:55 PM)
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.
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Some investors just follow brand names.
Got few branded developers in Semenyih, offering good concept products, but whether investable or not is another story
SUStikaram
post May 13 2015, 09:58 PM

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QUOTE(cheahcw2003 @ May 13 2015, 10:54 PM)
For new launch, absolute price drop, but price psf could be escalating, developer just tends to build smaller size apartment, some squeeze in 3 bedrooms in 700-800sf BU
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High demand from one group

http://www.mysinchew.com/node/108829?tid=4


Malaysia to discuss illegal migrant issues with Bangladesh, Myanmar


PUTRAJAYA, May 12 (Bernama) -- Malaysia will soon hold a discussion with Bangladesh and Myanmar to find solutions to the influx of illegal immigrants from the two countries following the recent arrest f more than 1,000 of them in Langkawi.

This post has been edited by tikaram: May 13 2015, 09:59 PM
danielisme
post May 13 2015, 10:15 PM

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I think the impact will hit property above rm1mil above and condo due to over supply
Example in cherS and kajang area semi d subsale price still hanging at 1.3mil-1.5mil since 2years ago.
And last month I saw still got owner wiling drop selling price to 1.1mil

This post has been edited by danielisme: May 13 2015, 10:16 PM
Soros007
post May 13 2015, 10:28 PM

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QUOTE(tikaram @ May 13 2015, 09:58 PM)
High demand from one group

http://www.mysinchew.com/node/108829?tid=4
Malaysia to discuss illegal migrant issues with Bangladesh, Myanmar
PUTRAJAYA, May 12 (Bernama) -- Malaysia will soon hold a discussion with Bangladesh and Myanmar to find solutions to the influx of illegal immigrants from the two countries following the recent arrest f more than 1,000 of them in Langkawi.
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Jagalat
post May 13 2015, 10:46 PM

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QUOTE(cassandra tan @ May 13 2015, 09:21 PM)
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.
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TS, can you supply some examples that you notice?
nod.gif
PM also can.... Thanks a lot.
langstrasse
post May 13 2015, 11:00 PM

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QUOTE(cheahcw2003 @ May 13 2015, 09:49 PM)
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?
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I wonder what exactly does "closing water tap" mean?
cmk96
post May 13 2015, 11:05 PM

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QUOTE(langstrasse @ May 13 2015, 11:00 PM)
I wonder what exactly does "closing water tap" mean?
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u r not chinese?... brows.gif

means the bank not easy to approve loan nowadays.
VincentProperty
post May 13 2015, 11:08 PM

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QUOTE(cmk96 @ May 13 2015, 11:05 PM)
u r not chinese?...  brows.gif

means the bank not easy to approve loan nowadays.
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thumbup.gif
Iceman74
post May 13 2015, 11:12 PM

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QUOTE(cmk96 @ May 13 2015, 11:05 PM)
u r not chinese?...  brows.gif

means the bank not easy to approve loan nowadays.
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This i can voucher for it vmad.gif
AMINT
post May 13 2015, 11:44 PM

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I like it this way. Time for me to buy subsales again n again.
max_cavalera
post May 14 2015, 12:26 AM

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QUOTE(cassandra tan @ May 13 2015, 09:21 PM)
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.
*
Depends on location... My condo market value around 379-380k.... Trying to let go at 365k below market value almost a year still no taker lol biggrin.gif
twincharger07
post May 14 2015, 12:34 AM

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QUOTE(ims2628 @ May 13 2015, 09:53 PM)
I'm not property agent, i'm banker just for your information. Some is slightly above bank value 10k-20k, but mostly is match bank value, so far if there's anyone claim below market value case i don't think so.
*
are you banker or runner?
sheahann
post May 14 2015, 12:50 AM

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QUOTE(cassandra tan @ May 13 2015, 08:21 PM)
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.
*
so far dint drop much. but already drop.
last year around august i inquire about a project looking for subsales.
the price by agent was about 630-650k.. wan to nego also dowan..
recently quite a few agent called offer between 600-620. i did not nego coz already eyeing other place
sheahann
post May 14 2015, 12:55 AM

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QUOTE(K4iz3n @ May 13 2015, 09:17 PM)
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.
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asking price and transacted price(close deal) different thing.
one can jack up the asking price high doesnt mean its successfully transacted at that price

Check here for actual transacted price of the condo/house u wanna check
http://www.brickz.my
mayb latest few month data dont have. but i had seen up to 2015 jan and feb
hoongss
post May 14 2015, 12:59 AM

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buy land and built it yourself! cheaper, bigger, and suit your layout!
ims2628
post May 14 2015, 01:17 AM

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QUOTE(hoongss @ May 14 2015, 12:59 AM)
buy land and built it yourself! cheaper, bigger, and suit your layout!
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unless you're really cheap, buy land bank only finance max 60% of the land selling price, and if build yourself most likely you gonna budget another big amount of money.
Soros007
post May 14 2015, 06:33 AM

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I am interested on commercial too if any!


QUOTE(AMINT @ May 13 2015, 11:44 PM)
I like it this way. Time for me to buy subsales again n again.
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corleone74
post May 14 2015, 07:01 AM

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QUOTE(sheahann @ May 14 2015, 12:55 AM)
asking price and transacted price(close deal) different thing.
one can jack up the asking price high doesnt mean its successfully transacted at that price

Check here for actual transacted price of the condo/house u wanna check
http://www.brickz.my
mayb latest few month data dont have. but i had seen up to 2015 jan and feb
*
why so difficult, the edge now give trend chart with transacted prices.

affordable units
http://www.theedgeproperty.com/my/trends-a...casa-magna-9141

mid price units kepong
http://www.theedgeproperty.com/my/trends-a...jalara-18-14487

higher end units
http://www.theedgeproperty.com/my/trends-a...iara-bayu-10598

luxury,
http://www.theedgeproperty.com/my/trends-a...tside-one-13485

super luxury, prime klcc
http://www.theedgeproperty.com/my/trends-a...he-binjai-13312


see the pattern? tongue.gif

This post has been edited by corleone74: May 14 2015, 07:12 AM

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