So is it a good time to buy now? When should be a good time to buy?

As long u ready. Don't wait

Just buy anytime you are ready, with the right "boosters" you will never go wrong. The problem with people that bought properties "wrongly" was that they bought because of other factors such as peer-pressure and deceitful marketing. If you can pass through all that, then you are good to go.

What is true market value? 30% or $150k below list/ask/spa price?

This post has been edited by icemanfx: Jul 28 2018, 05:04 PM

they didnt really define burst properly.

I'm planning to buy for investment pro purposes. Grand Ss15. But having second doubts now. Also read that the bubble is gonna burst. Reading this thread reminded me of lelong properties. Should look into it. 🤔 Anyways should I or shouldnt I buy the property. Thanks in advance for reply

Where got so long ???

Been told 2 months in default, they will rampas.

time to buy！

If title is issued, need high court order.

You been lied to, where got so fast. Minimum also 3 months, that also not immediately after 3 months they auction your house, just blacklist you and keep chasing you to pay then issue auction notice etc.

There’s also no such thing as “rampas” your house. You think like tow truck can kena tow ah? They will just issue notice of auction and ask you to vacate the property but if no on e buys from auction, you can still stay there, bank won’t chase you out also.

My goodness. Thought they kejar like mad after one, two months delay.

No wonder so many NPLs in the country. Sigh.

What if there’s a winning bidder and the occupier refuses to move out ????

This post has been edited by overthemoon: Jul 29 2018, 09:27 PM

You have to evict them at own cost..

I don't think there will be a "Property Bubble Burst" anytime or at all.. Cause our NPL ratio is relatively low compared to previous years. Even the number of auction cases drop year on year. Trust me those people who bought 4 years ago with zero interest can afford those property because banks do credit screening before lending them the money.

I am no kidding our NPL is really low...

Amidst the soft residential property market, more houses were foreclosed by financial institutions and sold via auctions in the first quarter of this year, reported Free Malaysia Today.

In May, AuctionGuru.com revealed that about 6,225 homes were disposed through this method in Q1 2017, up from the 5,442 units recorded in the same period in the previous year.

https://www.propertyguru.com.my/property-ne...rending-upwards

AuctionGuru’s Chia says about 5% to 7% of residential properties under auction are new. The number will continue to grow due to the lacklustre secondary property market and abundant supply.

Residential properties made up the bulk — about 86% — of auctioned properties in 2017, says Loh of Property Auction House. He anticipates an increase in the number of foreclosed properties due to the many high-rise projects built in the past few years, especially those under the developer interest-bearing scheme.

Many of these new projects, which were recently handed over, usually required a low initial capital outlay or whose buyers were given rebates. “Problems arise when loan repayment commences and the borrowers are unable to meet their financial commitment or rent out the property. Many bought the properties to flip them but in the current market, they are unable to sell them for a higher price,” says Loh.

http://www.theedgemarkets.com/article/cove...s-fewer-bidders

KUALA LUMPUR: Malaysian banks may see an uptick in non-performing loan (NPL) ratio as Bank Negara Malaysia (BNM) is expected to raise its overnight policy rate (OPR) twice by end-2018.

Furthermore, the likelihood of a higher unemployment rate may result in more loan defaults, according to S&P Global Ratings.

http://www.theedgemarkets.com/article/nonp...ans-rise-—-sp

Why 94% of Malaysians are six months from a financial crisis

Three out of four Malaysians are unable to raise RM1000 (US $235) in an emergency, a 2015 survey by Bank Negara Malaysia (BNM) revealed.

Only 6% of respondents were confident about meeting their financial obligations for at least six months if they lost their income, the same survey showed. Such dismal figures highlight a worrying trend.

https://www.aseantoday.com/2017/06/why-94-o...nancial-crisis/

This post has been edited by icemanfx: Aug 5 2018, 04:50 AM

The End of the Global Housing Boom

From London to Sydney and Beijing to New York, house prices in some of the world’s most sought-after cities are heading south.

Tax changes to damp demand, values out of kilter with affordability and tougher lending standards have combined to undermine the market. That could have wider implications because the world’s wealthy have been buying homes on multiple continents, meaning a downturn in one country could now pose more of a threat to markets elsewhere, according to the International Monetary Fund.

https://www.bloomberg.com/news/articles/201...ney-to-new-york

https://www.edgeprop.my/content/1411137/do-...property-values

A snapshot of property price trend. International school is supposed to enhanced property value.

In Selangor, home ownership is at 70.2%.

https://www.edgeprop.my/content/1411263/aff...-complex-matter

For comment.

Sold at 585k. 8 bidders.
If you scroll above, can actually win without fight at 567k back in Jul last month. Haha.

I dont care about price of house. I care more on euro. I plan to study in europe next year.