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 Multiple Signs of Malaysia Property Bubble V20

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yeezai
post Sep 1 2018, 04:53 PM

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QUOTE(kevyeoh @ Sep 1 2018, 04:17 PM)
It is already down ... 10% down at minimum..
For landed you think it won't drop a lot?
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Drop alot oredi its a good time to buy for first time buyer..
scorptim
post Sep 1 2018, 06:38 PM

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QUOTE(kevyeoh @ Sep 1 2018, 04:17 PM)
It is already down ... 10% down at minimum..
For landed you think it won't drop a lot?
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Yeah, landed definitely won’t drop as much as high rise.
kevyeoh
post Sep 1 2018, 10:33 PM

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For discussion purpose... May I know your reason for saying this? As I thought condo has more facilities and so ppl tend to buy condo than landed... younger generation folks tend to favor condo too...nowadays landed not so much in demand compared to condo so my thought is landed since low transaction ... got higher risk lower demand and now price drop ... based on my own observation without proper data from NAPIC etc... I just observe some landed house can put for sale up to 2 years plus before finally being sold... and it is at a prime area...

QUOTE(scorptim @ Sep 1 2018, 06:38 PM)
Yeah, landed definitely won’t drop as much as high rise.
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This post has been edited by kevyeoh: Sep 1 2018, 10:33 PM
scorptim
post Sep 1 2018, 11:27 PM

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QUOTE(icemanfx @ Aug 12 2018, 10:40 PM)
QUOTE(kevyeoh @ Sep 1 2018, 10:33 PM)
For discussion purpose... May I know your reason for saying this? As I thought condo has more facilities and so ppl tend to buy condo than landed... younger generation folks tend to favor condo too...nowadays landed not so much in demand compared to condo so my thought is landed since low transaction ... got higher risk lower demand and now price drop ... based on my own observation without proper data from NAPIC etc... I just observe some landed house can put for sale up to 2 years plus before finally being sold... and it is at a prime area...
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As per above example for SK, clearly shows non landed price drops faster than landed.

The reason for this is simple, although younger generation prefers condo, the ones with buying power are those middle aged people in their 30s to 40s. Usually people in this age group prefers landed properties due to their family size, plus at that age they know they would hardly use the condos facilities as well.

On top of that, these people are looking for a house to settle down and call home for good at that age. Landed props gives you more flexibility in terms of customising the house to your liking. More renovation options and you can customise the exterior of the house as well which in most condos are subject to all kinds of restrictions.

Youngsters mostly can afford those below 500k props, especially the below 300k ones. That’s why if you observe the low-medium cost apartments prices, there’s been only a slight drop from prices 1-2 years ago.
TSicemanfx
post Sep 1 2018, 11:35 PM

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QUOTE(kevyeoh @ Sep 1 2018, 10:33 PM)
For discussion purpose... May I know your reason for saying this? As I thought condo has more facilities and so ppl tend to buy condo than landed... younger generation folks tend to favor condo too...nowadays landed not so much in demand compared to condo so my thought is landed since low transaction ... got higher risk lower demand and now price drop ... based on my own observation without proper data from NAPIC etc... I just observe some landed house can put for sale up to 2 years plus before finally being sold... and it is at a prime area...
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Due to national land code, landed (with tiltle issued) need high court permission for every round of auction. Hence, price takes longer to drop and sold. Also mean until it is sold, borrower is incurring loan interest at penalty rate.

wild_card_my
post Sep 1 2018, 11:37 PM

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QUOTE(icemanfx @ Sep 1 2018, 11:35 PM)
Due to national land code, landed (with tiltle issued) need high court permission for every round of auction. Hence, price takes longer to drop and sold. Also mean until it is sold, borrower is incurring loan interest at penalty rate.
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How do we keep track of the number of rounds a property has gone through auctions?
TSicemanfx
post Sep 2 2018, 02:42 AM

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QUOTE(AskarPerang @ Sep 2 2018, 12:00 AM)
No taker once again. Crazy cheap yet nobody interested?  rclxub.gif
New price as below:

B-01-06, Ceria Condominium, Persiaran Sepang Cyber 10, 63000 Cyberjaya
Reserve price 🔥🔥RM 332,100🔥🔥
Freehold
1195sqft (dual key unit)
Auction:  Sep 18

» Click to show Spoiler - click again to hide... «

No taker again the cheap unit. How low can this go???
From S&P price of almost 600k now at below 50% price also nobody interested?

C-01-01, Block C, Sawtelle Suites, Jalan Cyber Heights, Cyber Heights Villa
Reserve price 🔥🔥RM 262,440🔥🔥
Freehold
753 sqft (duplex, end lot unit)
Auction: Sep 18

» Click to show Spoiler - click again to hide... «

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bearbearwong
post Sep 2 2018, 03:53 AM

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QUOTE(kevyeoh @ Sep 1 2018, 04:17 PM)
It is already down ... 10% down at minimum..
For landed you think it won't drop a lot?
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Finally RE agents agree and confirms the drops.. our lelong units gone for 5 times with no bidders
bearbearwong
post Sep 2 2018, 03:59 AM

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QUOTE(party @ Aug 19 2018, 01:05 PM)
While there are some auctions here n there. I am still waiting bubble burst.3 years after joining this forum
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Studio not hit hard? Own stay?
AskarPerang
post Sep 2 2018, 09:07 AM

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QUOTE(bearbearwong @ Sep 2 2018, 03:59 AM)
Studio not hit hard? Own stay?
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Just newly completed. No idea launching price at how much.

No taker once more. Is below 200k now. Super cheap price.

A-16-02, Wing A, Galleria Equine Park
Reserve price 🔥🔥RM 182,250🔥🔥
Leasehold
450 sqft
Auction: Sep 18

» Click to show Spoiler - click again to hide... «

SUSNew Klang
post Sep 2 2018, 09:10 AM

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Has landed freehold DSL in PJ collapse yet? I have ready cash to hoot.
TSicemanfx
post Sep 2 2018, 10:43 AM

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QUOTE(New Klang @ Sep 2 2018, 09:10 AM)
Has landed freehold DSL in PJ collapse yet? I have ready cash to hoot.
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Flippers were mostly at new launch.

SUSNew Klang
post Sep 2 2018, 11:22 AM

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QUOTE(icemanfx @ Sep 2 2018, 10:43 AM)
Flippers were mostly at new launch.
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Just like you, after selling my properties and sitting on a pile of cash, I am waiting for prices to fall.

Unlike you, I target PJ and not cyberjaya
scorptim
post Sep 2 2018, 11:38 AM

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QUOTE(New Klang @ Sep 2 2018, 11:22 AM)
Just like you, after selling my properties and sitting on a pile of cash, I am waiting for prices to fall.

Unlike you, I target PJ and not cyberjaya
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You target PJ landed gonna be hard leh. Didn’t drop much.
kurtkob78
post Sep 2 2018, 01:24 PM

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landed houses in Nilai already collapse. auction reserve price more than 10% below launch price.
bearbearwong
post Sep 3 2018, 10:05 PM

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QUOTE(New Klang @ Sep 2 2018, 09:10 AM)
Has landed freehold DSL in PJ collapse yet? I have ready cash to hoot.
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landed at setapak 2 story has.. but previoulsy is tokong usage.. below 400k

pj area certain areas are millions above.. but bunglow.. auction
bearbearwong
post Sep 3 2018, 10:06 PM

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QUOTE(New Klang @ Sep 2 2018, 11:22 AM)
Just like you, after selling my properties and sitting on a pile of cash, I am waiting for prices to fall.

Unlike you, I target PJ and not cyberjaya
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budget u berapa? auction may need to pay cash... u old man? if old cannot loan di
TSOM
post Sep 3 2018, 10:30 PM

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when was the last time M'sia had property bubble burst?
TSicemanfx
post Sep 4 2018, 02:53 PM

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http://napic.jpph.gov.my/portal/web/guest/...showButton=true

It seems kv property is still declining and no end in sight.

SUSNew Klang
post Sep 4 2018, 04:26 PM

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QUOTE(icemanfx @ Sep 4 2018, 02:53 PM)
http://napic.jpph.gov.my/portal/web/guest/...showButton=true

It seems kv property is still declining and no end in sight.
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How to read the data?

How to know what is up or down?

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