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subsale property price coming down
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IReallyNeed Answers
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 Aug 17 2015, 05:58 PM
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I don't think subsale are dropping prices, it's encountering a slow down as always, but price dropped is far from it( assuming your prices drop= below market price)
A lot of subsale property will over evaluate their value to give them more room to nego, as such, a subsale unit in Cheras would valued at 850k, the owner is not gonna set the price as 850k, he'll probably put it at 1mil, or 9XXk haha!
Then seeing the market is slow and not much ppl enquire, or the unit have been left there too long, he would probably just lower it abit to 900k
Which in actual fact, still higher than market rate, but effectively portraying that the price of property has fallen!
Malaysian enconomy is not out of hand yet, and we're know to be resilient! Lotsa ppl just scare and wanna turn a profit"before it's too late"
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IReallyNeed Answers
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Aug 18 2015, 12:21 AM
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QUOTE(jolokia @ Aug 17 2015, 07:52 PM) ? Too late ?? Our economy has always been 9 years boom 1 year doom or 8 years boom 2 year doom, all the owner need is hold for 1-2 years then can whack even higher price. As long as we don't see massive retrenchment & massive business closing down including big corporate goes bankrupt, then hard luck to wait for properties price crash, as long as people have job & business they would not let go their properties easily. When that day do come we'll see Spain/Greece style economy where 1 out of every 3 people has no job, even Bank need to limit daily withdrawal, people line up for soup kitchen & etc... by then how many of you all dare to whack those dead chicken properties? Isn't that my context? I'm just summarizing and generalizing that some quarter are willing to let go for a small discount that's still above market rate, because they might be to scare if the "too late" scenario happened! Probably will not happened here for the fore seeable future if you asks me! |
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