Crack on the floor could be a concern. similar crack on floor above?

In season with Halloween festival.

Sooner than expected, mean more to come.

If this asking price is genuine, auction reserve price will likely >10% cheaper else not worth while to buy from auction.

More auction coming, it is a matter of how many and how soon.

Those with vested interest hypothesis tend to skewed.

No doubt. The law of supply and demand always prevail.

May be your contractor friend is jealous and couldn't achieve this level of minimalist design.

+1
For reasons, this country is falling behind, Vietnam will overtake us next.

They defaced the minimalist i.d.?!

minimalist design is cheapest to maintain and upkeep.

This post has been edited by icemanfx: Nov 21 2019, 10:23 PM

Auction price is probably the most transparent and closest to current market/exchange price.

Valuers depends on data from napic. However, some prudent valuers put 2 value (average of recently transacted and forced sell) in their reports. Which value to use for ltv depends on bank.

U.s. subprime crisis showerd; it doesn't need that many units npl to shake the bank or market.

This post has been edited by icemanfx: Dec 6 2019, 04:19 AM

First few auction units tend to sell marginal cheaper or even higher than m.v.

Given many bought to flip or rent, more auction could be expected.

https://www.edgeprop.my/rent/kuala-lumpur/c...86106&stations=

Based on asking rental and reasonable yield, RM400-500 psf is about fair market price.

This post has been edited by icemanfx: Dec 8 2019, 05:30 PM

Rental is more elastic than property price, is a leading indicator of property price.

This post has been edited by icemanfx: Dec 8 2019, 07:05 PM

Not at all, just share what I learned in class on price theory. How do you value a property? Whim and fancy, gut feeling?

If landlord ask rental based on yield. Buyer could similarly expect price based on actual rental yield.

This post has been edited by icemanfx: Dec 9 2019, 10:29 PM

The irony is those overstretched and bought over priced property believe they were the expert and gold fingers, could defy the law of supply and demand and gravity.

From planning, approval, construction to vp of condo could take over 5 years. Overhang didn't appear suddenly or from no where, and the law of supply and demand is well known and long established.

In economics, price could distort/defy/manipulate/etc in the short term. However, long term economic equilibrium always prevail.

As rent is more elastic, response to market demand and supply faster, is a leading indicator of property price.

This post has been edited by icemanfx: Dec 10 2019, 03:46 AM

Vendor's asking price is at his/her whim and fancy. Auction price is probably the fair market price. those couldn't afford to auction is paying a premium over fair market price.

Like gold, those could afford to pay for gold nugget or bar could buy at commodity/market price; those couldn't, pay for goldsmith price.

This post has been edited by icemanfx: Dec 10 2019, 10:34 AM

If ain't broke don't fix it, why need to reinvent the wheel when proven theories are applicable?

It is a no surprise that the herd get eaten.

This post has been edited by icemanfx: Dec 10 2019, 01:29 PM

Prof. Robert J. Shiller did warned about U.S housing bubble a few years before crisis hit. the rest is history and you could blamed on greedy investors/flippers/herd.

during any bull run, punters/investors/flippers/herds see any alternative opinion as noise.

This post has been edited by icemanfx: Dec 10 2019, 02:56 PM