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 subsale property price coming down

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SephirothLee
post May 14 2015, 08:01 AM

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its a cycle this sort of things, now we are at a slump, then it will peak back up. Live so long d its always the same thing lor
grehartm
post May 14 2015, 09:31 AM

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The only problem for me last time dealing with subsale house is, downpayment 10% plus all the legal fees which almost hit another 5%. For subsale house which cost around 300-400k, it required me somewhere 40-60k downpayment which I cant afford that time.

The only way for me that time buy a new develop house with low downpayment.
prody
post May 14 2015, 09:36 AM

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QUOTE(corleone74 @ May 14 2015, 07:01 AM)
Great site, thanks.
prody
post May 14 2015, 10:06 AM

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I can see from the edge website that for the property I sold previously (2013) the psf price has dropped by about 15%.
SUSNew Klang
post May 14 2015, 11:53 AM

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It is not advisable to purchase any property in this 3 years if you are buying for investment.

Office lots are the worst followed by condominiums and commercial lots.
R o Y
post May 14 2015, 11:59 AM

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Based on the analysis by theedgeproperty.com on the actual transacted data from JPPH, the subsale prices in Mont Kiara and Brickfields is actually still on an uptrend:

PROPERTY SNAPSHOT Mont’Kiara prices rise 7.8%
http://www.theedgeproperty.com/my/content/...-prices-rise-78


PROPERTY SNAPSHOT Brickfields prices hit new high
http://www.theedgeproperty.com/my/content/...es-hit-new-high
corleone74
post May 14 2015, 12:20 PM

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QUOTE(R o Y @ May 14 2015, 11:59 AM)
Based on the analysis by theedgeproperty.com on the actual transacted data from JPPH, the subsale prices in Mont Kiara and Brickfields is actually still on an uptrend:

PROPERTY SNAPSHOT Mont’Kiara prices rise 7.8%
http://www.theedgeproperty.com/my/content/...-prices-rise-78
PROPERTY SNAPSHOT Brickfields prices hit new high
http://www.theedgeproperty.com/my/content/...es-hit-new-high
*
The edge print copy has an additional property pullout for this week's edition, with more detailed coverage on MK. Basically, MK outperform KL benchmark rise last year. Good value still found among the jln kiara 3 cluster and the older jln kiara sunrise condos + the two BT homestead condos. spillover has pushed up dutamas and prima pelangi prices too.

doomdoom
post May 14 2015, 12:22 PM

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QUOTE(R o Y @ May 14 2015, 11:59 AM)
Based on the analysis by theedgeproperty.com on the actual transacted data from JPPH, the subsale prices in Mont Kiara and Brickfields is actually still on an uptrend:

PROPERTY SNAPSHOT Mont’Kiara prices rise 7.8%
http://www.theedgeproperty.com/my/content/...-prices-rise-78
PROPERTY SNAPSHOT Brickfields prices hit new high
http://www.theedgeproperty.com/my/content/...es-hit-new-high
*
yalo.when everyone said mont kiara is overbuilt and the price is dropping or stagnant..in fact this township is getting more and more mature and attract more and more buyers...
propertysense
post May 14 2015, 12:29 PM

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sometimes the edge is quite one sided. Don't trust too much on newspaper/magazine

This is the best accurate source avail now.
http://www.brickz.my/
jason_chee
post May 14 2015, 12:40 PM

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QUOTE(propertysense @ May 14 2015, 12:29 PM)
sometimes the edge is quite one sided. Don't trust too much on newspaper/magazine

This is the best accurate source avail now.
http://www.brickz.my/
*
how reliable this website? Where is the source info? I read the disclaimer at the bottom.

"Brickz.my (hereinafter referred to as Brickz) is an independent property website. Brickz is not a property valuator, and cannot give direct property valuation. You should not rely on any of this content without first seeking financial advice from a professionally qualified expert. The content on www.brickz.my is provided “as is” for general information purposes only. It does not constitute advice nor does any part of the content constitute an open offer capable of forming the basis of a contract. Brickz strives to ensure the information on this website is accurate and up to date, however, Brickz does not warrant or guarantee that anything written here is 100% accurate, timely, or relevant to the solution of any problem visitors may have. To the extent permitted by law, Brickz disclaims any and all warranties, express or implied, including those of merchantable quality or fitness for a particular purpose, with respect to the publication of this content."

just my 2 cents.
ims2628
post May 14 2015, 12:44 PM

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QUOTE(grehartm @ May 14 2015, 09:31 AM)
The only problem for me last time dealing with subsale house is, downpayment 10% plus all the legal fees which almost hit another 5%. For subsale house which cost around 300-400k, it required me somewhere 40-60k downpayment which I cant afford that time.

The only way for me that time buy a new develop house with low downpayment.
*
true, but there's always a solution for you, if you manage hit the requirement for Skim Rumah Pertamaku you can borrow 100% loan, or another solution is withdraw from your epf account smile.gif
corleone74
post May 14 2015, 12:45 PM

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QUOTE(jason_chee @ May 14 2015, 12:40 PM)
how reliable this website? Where is the source info? I read the disclaimer at the bottom.

"Brickz.my (hereinafter referred to as Brickz) is an independent property website. Brickz is not a property valuator, and cannot give direct property valuation. You should not rely on any of this content without first seeking financial advice from a professionally qualified expert. The content on www.brickz.my is provided “as is” for general information purposes only. It does not constitute advice nor does any part of the content constitute an open offer capable of forming the basis of a contract. Brickz strives to ensure the information on this website is accurate and up to date, however, Brickz does not warrant or guarantee that anything written here is 100% accurate, timely, or relevant to the solution of any problem visitors may have. To the extent permitted by law, Brickz disclaims any and all warranties, express or implied, including those of merchantable quality or fitness for a particular purpose, with respect to the publication of this content."

just my 2 cents.
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both website data is from jpph, but theedge portal has niftier features compared to brickz basic layout. furthermore edgeproperty is totally free, no strings attached. brickz need to register or buy the report. anyone bought the brickz report? what are the details provided? i have bought propwall report before, disappointing and costly. as for the disclaimer, i'm sure theedgeproperty also has similar disclaimer. some recent 2015 data isn't updated yet.

This post has been edited by corleone74: May 14 2015, 12:47 PM
jason_chee
post May 14 2015, 12:50 PM

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QUOTE(corleone74 @ May 14 2015, 12:45 PM)
both website data is from jpph, but theedge portal has niftier features compared to brickz basic layout. furthermore edgeproperty is totally free, no strings attached. brickz need to register or buy the report. anyone bought the brickz report? what are the details provided? i have bought propwall report before, disappointing and costly. as for the disclaimer, i'm sure theedgeproperty also has similar disclaimer. some recent 2015 data isn't updated yet.
*
yup. only up to dec 2014. the disclaimer shud include the JPPH source as well. Cos my first question or doubt is, how true is this report.
corleone74
post May 14 2015, 01:04 PM

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QUOTE(jason_chee @ May 14 2015, 12:50 PM)
yup. only up to dec 2014. the disclaimer shud include the JPPH source as well. Cos my first question or doubt is, how true is this report.
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i have checked for one of my property data , the brikz , theedge property, and my own self purchased data (direct from jpph) are all the same and complete for 2014. however my latest data set from jpph bought last month with a few 2015 transactions are not updated in brikz and theedgeprop database yet.
obviously i can't check all the properties in kl.... tongue.gif tongue.gif but overall i think pretty ok la. i'm monitoring when theedge/briks will update 2015 data.... biggrin.gif

This post has been edited by corleone74: May 14 2015, 01:10 PM
R o Y
post May 14 2015, 01:24 PM

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QUOTE(jason_chee @ May 14 2015, 12:50 PM)
yup. only up to dec 2014. the disclaimer shud include the JPPH source as well. Cos my first question or doubt is, how true is this report.
*
JPPH is the JABATAN PENILAIAN DAN PERKHIDMATAN HARTA (http://www.jpph.gov.my/index2.html) which is basically the Government's Valuation department. The data in the JPPH report is basically the Official Government Data.

That being said, occasionally you can come across errors when looking thru the data, from my understanding, the data is manually entered so there could be some human error during input. That being said, 99.9% should be error free.

End of the day, data is data, data has no hidden agenda, and data is not biased. Its how one analyzes the data which can skew the picture to one side or another.

Theedgeproperty.com has analyzed the data, and has come out with a positive picture. For those who don't believe/trust the analysis, they can always go back to the data to analyze it, and share in this discussion the data analysis that supports their own differing point of view. This is how we can have a constructive discussion based on facts and figures, rather than both sides throwing assertions without any backup data.

prody
post May 14 2015, 01:44 PM

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QUOTE(R o Y @ May 14 2015, 11:59 AM)
Based on the analysis by theedgeproperty.com on the actual transacted data from JPPH, the subsale prices in Mont Kiara and Brickfields is actually still on an uptrend:

PROPERTY SNAPSHOT Mont’Kiara prices rise 7.8%
http://www.theedgeproperty.com/my/content/...-prices-rise-78
PROPERTY SNAPSHOT Brickfields prices hit new high
http://www.theedgeproperty.com/my/content/...es-hit-new-high
*
This is not surprising as the price increase in Mont Kiara has been pretty normal before this.

I took a random condo and checked the psf average for the trendline.

Average annual psf increase from 2004-2009: 4.1%
Average annual psf increase from 2009-2014: 2.3%

Total increase for the 10 years from 2004-2014: 37%

This post has been edited by prody: May 14 2015, 01:46 PM
jason_chee
post May 14 2015, 02:53 PM

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QUOTE(corleone74 @ May 14 2015, 01:04 PM)
i have checked for one of my property data , the brikz , theedge property, and my own self purchased data (direct from jpph) are all the same and complete for 2014. however my latest data set from jpph bought last month with a few 2015 transactions are not updated in brikz and theedgeprop database yet.
obviously i can't check all the properties in kl....  tongue.gif  tongue.gif  but overall i think pretty ok la. i'm monitoring when theedge/briks will update 2015 data.... biggrin.gif
*
i see. then shud be quite accurate. The reason why i'm asking is... i checked M Residence 1 and transacted price is RM 500-540K for small unit whereas as per ppl say, price went down since last year and buyer kept offering 480K. that's why i was curious and question the credibility of the site. smile.gif

QUOTE(R o Y @ May 14 2015, 01:24 PM)
JPPH is the JABATAN PENILAIAN DAN PERKHIDMATAN HARTA (http://www.jpph.gov.my/index2.html) which is basically the Government's Valuation department. The data in the JPPH report is basically the Official Government Data.

That being said, occasionally you can come across errors when looking thru the data, from my understanding, the data is manually entered so there could be some human error during input. That being said, 99.9% should be error free.

End of the day, data is data, data has no hidden agenda, and data is not biased. Its how one analyzes the data which can skew the picture to one side or another.

Theedgeproperty.com has analyzed the data, and has come out with a positive picture. For those who don't believe/trust the analysis, they can always go back to the data to analyze it, and share in this discussion the data analysis that supports their own differing point of view. This is how we can have a constructive discussion based on facts and figures, rather than both sides throwing assertions without any backup data.
*
yes, that's why i say the website should at least indicate the Source Origin. Just like citation in any write-up.
corleone74
post May 14 2015, 03:05 PM

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QUOTE(jason_chee @ May 14 2015, 02:53 PM)
i see. then shud be quite accurate. The reason why i'm asking is... i checked M Residence 1 and transacted price is RM 500-540K for small unit whereas as per ppl say, price went down since last year and buyer kept offering 480K. that's why i was curious and question the credibility of the site. smile.gif
yes, that's why i say the website should at least indicate the Source Origin. Just like citation in any write-up.
*
i just checked idaman residence (klcc) on birkz and there are couple of free transactions there, whereas theedge portal has no data.

as i mentioned before, completeness of data may not be 100%. certainly quite a number of property i couldn't find any data on theedge property.


tnang
post May 14 2015, 03:14 PM

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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.
*
can give the details location, I check the transaction.

1. State, area, type of house, size, ....
LMN9997
post May 14 2015, 03:20 PM

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thank you RPGT.

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