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.

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.

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

Some investors just follow brand names.
Got few branded developers in Semenyih, offering good concept products, but whether investable or not is another story

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

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

Like!!!

TS, can you supply some examples that you notice?

PM also can.... Thanks a lot.

I wonder what exactly does "closing water tap" mean?

u r not chinese?...

means the bank not easy to approve loan nowadays.

This i can voucher for it

I like it this way. Time for me to buy subsales again n again.

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

are you banker or runner?

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

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

buy land and built it yourself! cheaper, bigger, and suit your layout!

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.

I am interested on commercial too if any!

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?

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

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

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.

Great site, thanks.

I can see from the edge website that for the property I sold previously (2013) the psf price has dropped by about 15%.

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.

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.

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...

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.

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

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

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.

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.... but overall i think pretty ok la. i'm monitoring when theedge/briks will update 2015 data....

This post has been edited by corleone74: May 14 2015, 01:10 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.

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

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.

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.

can give the details location, I check the transaction.

1. State, area, type of house, size, ....

thank you RPGT.

yes. if you compare both, seems like birkz has more transacted data compared to theedge prop.

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.

great. Thanks.

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

i found this in the pricing page http://www.brickz.my/sample-report/

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

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

Property prices comes down would be a big disaster for economic....

why is it so?
big fish cannot earn enough??

With current economy. Save more money for emergency use

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.

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.

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

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

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?

a lot of people have wealth tied to property.property down, many mortgages might fall to negative equity.

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.

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.

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

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..

Since the actual transaction data is available online for anyone to see, can you name a specific old MK condo that you are referrering to above?

The old condos in MK are among the most in-demand in as price is affordable and they all have huge compounds.

Even at infamous MK Bayu, the price continues to go up, though at a slower rate than others.

MK Bayu, sep 2011 average based on trendline: 519psf. Dec 2014 average 651 psf. Increase: 25%.

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

My housing area prices had been stagnant as well
Good news for genuine home buyers

market is slowing down but prices are not dropping, might be stagnant and increasing slowly only.

banks are also rejecting about 2/3 of the loans applications because most people are taking a maximum loan with other commitments.

it's a good time to look for properties provided you can pay and you don't have to rush.

End of last year few units of a old condo was asking for 480K, I was thinking probably the transact price should be much lower, to my surprise when I check on the actual transacted price, that the actual price.

I suggest people here who can still afford keep waiting, as eventually you end up cannot afford...Don't rush please... lol

That was two year ago, now it real and you can really enjoy it - imagine some even give you 10% off. I was at Tesco at this counter launching new apartment in Perai Jaya. They told me for those who sign up now will get 10% off - That RM50K for a RM500K house. Where one can get RM50K when buying a new house. So you don;'t need to pay downpayment as that is your downpayment. Just sign-up S&P. Go and get it before it finish as only the first few unit get the discount.

10% can get in almost all new launch lah ! no really zero actually, you still need to pay first & claimed back later, just a marketing gimmick lah ! Maybe Sungai Petani & Prai don't have such game, but KV is normal, buyer feel like instant gained 10% mah.

am speechless..

all I can say is good luck ya..

Normal la last time 5 years ago. Early birds for me got 20k discount. Thats around 5%. Then for developer staff i checked, they got 40k discount. Thats more than 10%. And that time, the properties from developer were selling at 300k to 400k. Now of course market price gone up.

And you thought that is a new thing ?

A lot of people made their judgement on insufficient information and numbers. They thought their opinion is mighty, but to me, they look stupid....

This post has been edited by Showtime747: May 18 2015, 07:06 AM

Worry not showtime747. Help is on the way. http://www.thestar.com.my/Business/Busines...rket/?style=biz - you can still sell if you know how. The titled Five-tips-for-selling-your-home-in-a-tough-market will be useful.

This post has been edited by Battlefield1942: May 18 2015, 08:25 AM

Tips sound so elementary.

People talk 1, you go and talk 2

You got to brush up your knowledge in property investment first lah. Also get up to date about knowledge in property. Zero entry cost you also don't know...

Your comment above just showed you know very little about property. And based on so little knowledge you have, you make decision on it. That is recipe for failure. And after that, you cry father cry mother property cannot invest one....

Sincere advice (it may sound harsh to you) : be humble and learn more first before you make your further investment. The sea is full of sharks. And you are the prey if you continue to possess so little knowledge....

tagging this tread for future used.

I am learning a lot from lowyat but unfamiliar with KV as I from the north. Harsh or not is no problem as long as not fall prey to shark! Money save is money gain... thank you. Wonder why "The star" get the expert to talk elementary stuff????