Yes, as confirm by another person here: https://forum.lowyat.net/index.php?showtopi...post&p=91206716
So I guess that is the case at least for Selangor leasehold property.

Sorry that was typo. Corrected as boss askarperang stated

Property prices in the country are expected to continue declining in the first half of next year (1H19), PropertyGuru Malaysia said.

The online property company’s country manager Sheldon Fernandez (picture) said as budget remains tight while supply is aplenty, many might choose to look around for the first six months before making a purchase decision later in the year.

He said others might also adopt a “wait-and-see” approach, hoping to benefit from the various home affordability schemes by the government.

“Expect the downward trend to persist in the 1H19, but there is a chance of a market recovery — post third quarter of 2019 (3Q19) or 4Q19.

....

The PropertyGuru Market Index — an analysis of over 250,000 property listings aggregated and indexed — showed that asking prices of homes in Malaysia continue to drop nationwide, as well as the key property epicentres of Kuala Lumpur, Selangor, Johor and Penang.

The PropertyGuru Market Index in 3Q18 revealed that asking prices by real estate developers and individual owners nationwide had dipped by 2.3% year-on-year and 2.3% quarter-on-quarter.

The downward trend persisted despite the overall improved consumer sentiment of 42% with 53% of Malaysians wishing to buy a home by the end of 2018.

https://themalaysianreserve.com/2018/12/19/...lining-in-1h19/

Since time immoral, property guru and what not, always predict market recovery in 2nd half of next year.

This post has been edited by icemanfx: Dec 20 2018, 10:43 AM

Hey that's the house I am staying in right now..

well not the exact unit, nor the same size.. but I am in Domain 5.

In fact I was asked by the owner to sell this property... How to sell?

-dooplikate-

This post has been edited by wild_card_my: Dec 20 2018, 01:40 PM

You serious boss.
Studio or got some bigger sizes unit over there at Domain 5?

Serious. Studio.. 500+ sq ft la

Actually, the developer (EmKay? MK Land?) not so smart. If Im not mistaken, this unit im staying has 3 rooms! 3!. They use dry wall to separate them.

Marketed to students, but a lot of young execs stay here. Rental is super low.

edit: actually got bigger units here in the cornders.. i checked the plan kecemasan. but dont know how big it really is. couldnt be bothered, this is a horrible place to live in. I wouldn't recommend it to families. There are just 2 of us, so that is OK

This post has been edited by wild_card_my: Dec 20 2018, 01:45 PM

Yeah target student such as in Garden Plaza, The Place, and even the newly completed one by MCT (cannot remember the name) all using this plywood board / gymsy board to partition the studio unit into extra rooms. Crazy but students dont mind that.

in any case, the landlord here removed the drywall to accommodate a "living area". bad setup, this condo.

Cyberjaya area taking a beating... how low can it go?

Lelong market today you can buy in Cyberjaya (all below 4-5 years ago launch price):

Studio unit can get at below 200k.
Mutuara Ville 3 bedroom at 300k.
Mirage by the lake at 400k.
Cristal serin at 400k.
Verdi at 30% to 40% below launching price.

What a pity they lost so much in terms of:

1. capital (lower selling price now)
2. negative cash flow
3. opportunity cost

Some people who did other forms of investment made so much more in these 5 years, for example, ASB-financing - which is stupid easy to do, and considered an autopilot. Heck, they can even just save those installments into unit trust and still earn more. Even as a mortgage broker, when asked by non-clients I would tell them not to jump into properties unless they really know what they are doing. The entry and exit costs are so expensive.

Does this apply to new buyers who want to buy their first house for residential use?

Well it depends. You would still need a house to live in right? However there are options that is to rent. Can you answer these questions before buying a house "for own use"?

1. Are you sure you would be staying there for decades to come?
2. Are there no properties for rent that are cheaper in rental than for you to pay for costs associated with purchasing the house? (installment, fire insurance, mortgage insruance, maintenance + sinking fund, etc.)

I am 32, and I am settling down in Dengkil, near Putrajaya. My wife loves working in Putrajaya, and Dengkil is the place where she could take 15 minutes to get to her office. If she lose her job, she can find other locations to work nearby or she doesn't need to work as I can support this small family of 2.

but young people hardly have a good grasp of where they would really want to settle down. Without really knowing, you are just gambling. Who knows you may actually need to move and rent out your property at a loss because you cannot afford not to subsidize your installment without rental income. The "right property" is something you need to discover - you may think you have found it, but circumstances may change and depending on how much you committed to the property, you may be stuck.

My landlord in Cyberjaya is now stuck. The loan outstanding is higher than the realistic selling price. When he bought this property there were only 2 of them, a studio. Unrealistic for them to remain here, so they had to rent it way below their installment + other fees.

This is so true, a lot people look at the numbers only. They say you’ll be better off if you just invested in stocks or asb. But at the end of the day, do you own a house?

Home ownership restrict job mobility. in us and europe, unemployment rate is correlated to home ownership of the area/district/states.

Is it necessary to buy house at early stage of life?