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 subsale property price coming down

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jason_chee
post May 14 2015, 03:28 PM

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QUOTE(corleone74 @ May 14 2015, 03:05 PM)
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.
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yes. if you compare both, seems like birkz has more transacted data compared to theedge prop.
prody
post May 14 2015, 03:46 PM

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For the edge website you can first try to find the property based on the property name.
You can also try to use the alternative property name.
Thirdly you can find individual street name for the property and use this. I've found a lot of data using street names.

jason_chee
post May 14 2015, 03:52 PM

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QUOTE(prody @ May 14 2015, 03:46 PM)
For the edge website you can first try to find the property based on the property name.
You can also try to use the alternative property name.
Thirdly you can find individual street name for the property and use this. I've found a lot of data using street names.
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great. Thanks.
0204
post May 15 2015, 06:33 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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i saw from the site about us it mention this

Reliable Source of Information

The source of data on Brickz is from the Valuation and Property Services department (JPPH) which officially records a property transaction once the stamp duty for the Sales and Purchase is paid.

Brickz has been compiling these officially recorded transactions since August 2014 and will be updating the transacted data on a monthly basis. All transactions represent sub-sale transactions that were transacted in Kuala Lumpur and Selangor only. View FAQs about the data

http://www.brickz.my/about-us/

while i cant find any mention of jpph in edge
0204
post May 15 2015, 06:42 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.
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i found this in the pricing page http://www.brickz.my/sample-report/
rivalry
post May 15 2015, 08:25 PM

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QUOTE(musa putih @ May 13 2015, 09:24 PM)
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
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I tend to agree with musa putih. Look at some of the business headlines today -

1. CIMB (second largest bank in Malaysia) plans to trim their staffs - Malaysia insider
2. Malaysian tighten purse strings and no longer shop as before - malay mail
3. MAS to issue retrenchment letter by may 27 to 6000 employees - star

I don't see how current property prices is sustainable if more people lose their jobs....

This post has been edited by rivalry: May 15 2015, 08:27 PM
ryan@chua
post May 15 2015, 09:41 PM

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Property prices come down is a good situation. If not, forsee the LOST DECADE of Malaysia after 2020

RENO KANG TAO
post May 15 2015, 10:00 PM

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Property prices comes down would be a big disaster for economic....
ImUrDaddY
post May 15 2015, 10:05 PM

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QUOTE(RENO KANG TAO @ May 15 2015, 10:00 PM)
Property prices comes down would be a big disaster for economic....
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why is it so?
big fish cannot earn enough??
sheahann
post May 15 2015, 10:08 PM

Crashing like a tidal wave..
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With current economy. Save more money for emergency use
sheahann
post May 15 2015, 10:13 PM

Crashing like a tidal wave..
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I would not say property crash currently. But slowed down a lot. During property blooming era, property agent u inquiry them they also mayb dowan choi u. Start from mid of last year, if u ask 1 agent about a unit, later many agent will call and ask if u looking for unit there.
Property agent very competitive now. When blooming that time. A lot of insurance agent, MLM jump ship to property.
ycf71
post May 15 2015, 10:43 PM

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QUOTE(rivalry @ May 15 2015, 08:25 PM)
I tend to agree with musa putih. Look at some of the business headlines today -

1. CIMB (second largest bank in Malaysia)  plans to trim their staffs - Malaysia insider
2. Malaysian tighten purse strings and no longer shop as before  - malay mail
3. MAS to issue retrenchment letter by may 27 to 6000 employees - star

I don't see how current property prices is sustainable if more  people lose their jobs....
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There are many other retrenchments that did not made the local news headline -

my friend lost his job in an engineering firm related to oil and gas. according to him, they cut 2000 workers out of 3000 workers. another friend from IT industry , her company completely shut down as their customer decided to outsource from India. 1000 jobs gone.
HELLO HELLO
post May 15 2015, 11:09 PM

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Manyak over 10+ years old old condo layout n facilities already outdated. Some Mk old condo facing ini problems. With Only change on surface... No matter how they refurbish it still looks outdated. Can't get rip of the old structure and outdated planing. No nostalgic old vintage looks either. Price hardly go up...

This post has been edited by HELLO HELLO: May 15 2015, 11:41 PM
kamilnu
post May 15 2015, 11:30 PM

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QUOTE(sheahann @ May 15 2015, 10:13 PM)
I would not say property crash currently. But slowed down a lot. During property blooming era, property agent u inquiry them they also mayb dowan choi u. Start from mid of last year, if u ask 1 agent about a unit, later many agent will call and ask if u looking for unit there.
Property agent very competitive now. When blooming that time. A lot of insurance agent, MLM jump ship to property.
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I pray that these agents will not have enough to eat and will die a slow and painful death just to show to them that money is not everything in this world.

This post has been edited by kamilnu: May 15 2015, 11:31 PM
stteck
post May 15 2015, 11:38 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.
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Depends on location. I can see prime area like Bandar utama 2 storey house price went up 200k to 300k, and still going up lately. No sign of stagnant. outskirt location like setia alam and ambang botanic pricing has slow down. What do u think?
corleone74
post May 16 2015, 12:22 PM

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QUOTE(ImUrDaddY @ May 15 2015, 10:05 PM)
why is it so?
big fish cannot earn enough??
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a lot of people have wealth tied to property.property down, many mortgages might fall to negative equity.
corleone74
post May 16 2015, 12:26 PM

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QUOTE(ycf71 @ May 15 2015, 10:43 PM)
There are many other retrenchments  that did not made the local news headline -

my friend lost his job in an engineering firm related to oil and gas. according to him, they cut 2000 workers out of 3000 workers.  another friend from IT industry , her company completely shut down as their customer decided to outsource from India.  1000 jobs gone.
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this is quite normal , as wages go up, so too does lower value chain tasks see migration to cheaper countries.
malaysia has to learn to adapt quickly to a dynamic global economy. moving up the value chain to higher level of jobs and services should be what the government be pushing for.
tongue.gif
corleone74
post May 16 2015, 12:29 PM

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QUOTE(sheahann @ May 15 2015, 10:13 PM)
I would not say property crash currently. But slowed down a lot. During property blooming era, property agent u inquiry them they also mayb dowan choi u. Start from mid of last year, if u ask 1 agent about a unit, later many agent will call and ask if u looking for unit there.
Property agent very competitive now. When blooming that time. A lot of insurance agent, MLM jump ship to property.
*
yes, slow down. in fact, one can say this is good, that the market is taking a breather. i don't see good locations and good property crashing. there is still enough demand from a growing population. but i would avoid far off or new developing areas for now. for flippers, it used to be so simple, with DIBS and developer helping push prices up in the boom years 2010-2013. this has been curbed by the latest policies. overheated speculation is not healthy in the long run.

corleone74
post May 16 2015, 12:30 PM

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QUOTE(HELLO HELLO @ May 15 2015, 11:09 PM)
Manyak over 10+ years old old condo layout n facilities already outdated. Some Mk old condo facing ini problems. With Only change on surface... No matter how they refurbish it still looks outdated. Can't get rip of the old structure and outdated planing. No nostalgic old vintage looks either. Price hardly go up...
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but price did go up. see the charts for proof

http://www.theedgeproperty.com/my/trends-a...=angkupuri-8717

http://www.theedgeproperty.com/my/trends-a...a-pelangi-10602

http://www.theedgeproperty.com/my/trends-a...ara-palma-10601

the above 3 condo are >10 years old.


This post has been edited by corleone74: May 16 2015, 12:33 PM
nookie188
post May 16 2015, 12:34 PM

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QUOTE(corleone74 @ May 16 2015, 12:29 PM)
yes, slow down. in fact, one can say this is good, that the market is taking a breather. i don't see good locations and good property crashing. there is still enough demand from a growing population. but i would avoid far off or new developing areas for now. for flippers, it used to be so simple, with DIBS and developer helping push prices up in the boom years 2010-2013. this has been curbed by the latest policies. overheated speculation is not healthy in the long run.
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agree that its good the market is slowing down ...continuous price surges are not sustainable at all and if this is not contained, everyone will be affected
negatively ..

I really don't see the property mkt crashing either - can get some good deals in the secondary market here and there but that is about it..
Prices of properties in established locations will be stagnant at worst..





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