This is quite common, when price drop a lot, many bidders end up being sold higher than previous reserve price. People tend to get over excited and competitive when there are many bidders.

If no one fight, means unit not laku.

If many chasing, means someone considers valuable. Herd mentality.

More of fear of missing/losing out mentality.

This post has been edited by icemanfx: Aug 8 2018, 06:33 PM

Must be noob bidders

This post has been edited by kurtkob78: Aug 8 2018, 06:22 PM

Launch from 568k in 2014: http://sawtelle.newpropertymalaysia.com/index.html
Now you can get at below 300k today. End lot unit.



Layout (duplex unit):

https://www.edgeprop.my/content/1412939/ser...-budding-suburb

You are into wrong forum here. This one about house not Euro or currency.

While there are some auctions here n there. I am still waiting bubble burst.3 years after joining this forum

The macro and micro level data of the financial behaviour of Malaysian consumers is not encouraging. In 2016, the then Deputy Minister of Finance had reported that household debt stood at 89% of Gross Domestic Product. It had been reported that this was the highest household debt to the gross domestic product in Asia. A high level of debt increases the sensitivity to households to any shock of their incomes. Next, the level of savings of Malaysian households is low. According to the Malaysian Human Development report, 53% of Malaysian households have no financial assets while 88% of households reported zero savings. Further, income levels of Malaysian consumers are low. According to Khazanah Research Institute, for individuals, the median salary is RM1,700 per month. Further, 62% of active Employees Provident Fund (EPF) members earn less than RM2,000 while 25% of EPF members earn a monthly salary below the poverty line of RM930.

Studies have also been conducted on the financial behaviour of young workers. In their study, the Asian Institute of Finance (AIF) found that 75% of consumers aged 20 to 33 had at least one long-term debt and 37% had more than one long-term debt. To offset this, respondents were relying on high cost borrowings that 47% were engaged in expensive credit card borrowing while 38% reported taking personal loans. Fomca in their own study found that 47% of young workers were excessively indebted. The AIF report further indicated that 70% were living beyond their means.

http://www.freemalaysiatoday.com/category/...e-doing-enough/

A reason why elevated house price is unsustainable.

price is going down its a fact ...but it wont burst

For condos got a few 30% discounts flying around d right now.

Landed I think your estimate is sound but high rise, I predict by the time we reach the bottom of this downtrend we’ll see around 30-50% drop.

Boulevard Service Apartment, Jalan Kuching.
Just newly completed less than a year ago.

Got undetected lelong unit actually. Due to the name. Thought is shoplot.
Went under the radar.
Anyway sold at almost half of S&P price.



Sold at Reserve Price 328k today. S&P price 650k.
Single bidder. What a great catch.



This post has been edited by AskarPerang: Aug 28 2018, 04:21 PM

pfffffft, my low cost unit ppl rushing to buy, no less than 10 agents call me for the unit even after sold.

low cost so laku meh?

Low cost is selling like hot cakes now and prices hardly drop from 2 years ago. Those below 200k props price remains stagnant and didn’t drop.

Yes low cost at prime location is highly sought after for rental. Selling then I doubt easy to find buyer who actually meet the low cost requirement.

Example Sentul or Wangsa Maju low cost walk up flat. Only 2 bedroom. Less than 600 sqft is fetching 200k, rental monthly 1000. And is top floor unit mind you. Normal low cost is 650sqft, 3 bedroom. As comparison.

But the cap will be there once aset kayamas rumahwip (800 sf), also located at prime location, costing just 198k is completed and then free to sell years later. And also rumahwip with condo facilities costing 300k. Is not logical for low cost flat price to increase beyond 200k.

This post has been edited by AskarPerang: Aug 29 2018, 08:23 AM

A simple gauge to see if profitable is divide rental (minus all bullshit) with property value. Then add with annualised capital gain based on past data. If its say at <7%, then its shit considering ur loan %. But dunno why some still chiong. If put in REIT also better and liquid

Wow! This is a very good catch! confirmed positive cash flow if rented out

It is already down ... 10% down at minimum..


For landed you think it won't drop a lot?