How many are stuck with their vacant property this year?

The herd was blinded by greed; as the property bullrun 2011-2014 was probably the only opportunity for them to make it to the big league, hence, they were aggressive and ignorance of facts and numbers.

given increasing number of overhang and current market sentiments, believe the worst is yet to come.

https://www.edgeprop.my/content/1424176/con...nding-wither-4q

Wages growth is slower than most assumption.


This post has been edited by icemanfx: Sep 19 2018, 11:57 AM

mana flippers and BBB group ni? tired already ka

May be you should invite them here to share their success story.

got success sure got failure.. but remember to bag a good unit for yourself.. can find us lim kopi

Will consider when blood is knees deep on the floor.

"the time to buy is when there's blood in the streets" Baron Rothschild

Do you agree that those who buy back in 2012 or 2013 or even 2014... most likely they are still earning a profit by selling off the property at s lower price than last year?

Assuming back then rm250k ... then peak at 550k.. now so called drop 80k become 470k...

So will you buy now if price drops to 470k or you think it will further drop to 300k?

I am quoting real life case here... if you buy back then ... and hold till now... even with drop in price... it is still quite a decent profit ... there are still transactions and still got buy/sell activities... I don't even see the price drop even 20% at those hot locations...

This post has been edited by kevyeoh: Sep 19 2018, 09:21 PM

There could be exception in property market, what about majority or aggregate?

In stocks market, a drop of 20% from peak price is considered bear market. What about property?

This post has been edited by icemanfx: Sep 19 2018, 10:38 PM

Low density, low rise development. Only 100 units altogether.
Good for own stay (if you dont mind having HTC very close by).

Launch at 700 psf? Probably much higher if for small size unit.
Today you can get it at half price in lelong market. 360 psf.
I repeat 360 psf and is for small size unit.

A-2-8, Pangsapuri Temasya Kasih, No. 6, Jalan Kerjaya, Seksyen U1
Reserve price: 🔥🔥RM 446,700🔥🔥
Freehold
1238 sqft (2 car park)
Auction : 27-Sep-2018 (Thu)

First auction price was at 765k if not mistaken. Drop price many rounds already.

Here a comparison VS subsale transaction:

Arguments should be made with statistics, not isolated cases. You can cherry pick any "real-life cases" out there.

those may be benefited... but 2013 onward purchase are all half hanging.. those 2014 (Sp setia simonyet, Mah xing at Southville), 2015, 2016, 2017, 2018

i dont foresee it will drop to 300k if it does, that is not drop, that is CRASH

the purchase 2014 onward are youngster targeted and all failed

those may be benefited... but 2013 onward purchase are all half hanging.. those 2014 (Sp setia simonyet, Mah xing at Southville), 2015, 2016, 2017, 2018

i dont foresee it will drop to 300k if it does, that is not drop, that is CRASH

the purchase 2014 onward are youngster targeted and all failed.. most important i joined Jun 2013

That is the problem... remember key word for property is location ... location ... location .... can't help it if someone go and buy a property at a lousy location... so statistic... imho... even if you want to use it... should just be one of the factors to consider only ...

Yep... agree that recent purchase all will suffer drop in prices.. so hopefully those are not flippers and able to hold for long term ...

Hold longer will eventually recover on 5 years?

Although almost everyone in r.e advocate "location, location, location" but few could agree where are these preferred "location, location, location".

location location location is not the correct words anymore. its cheap cheap cheap

Where is your location?

Bukit tunku, bukit Damansara.