recently more and more lelong house.. anyone bought?

Property overhang is still growing, more foreclosure is coming and cheaper.

https://www.iproperty.com.my/news/kuala-lum...-y-drop-of-0-6/

Kuala Lumpur’s residential property prices declines slightly, records a Y-O-Y drop of 0.6%

27 December, KUALA LUMPUR: According to Knight Frank’s Global Residential Cities Index 3Q2018 report which was released yesterday, the 0.6% decline in Kuala Lumpur’s housing prices is compared to the year before (3Q2017).

Knight Frank’s Index tracks the movement in mainstream residential prices across 150 cities worldwide using official government statistics or central bank data. Globally, residential property prices rose by 4.5% on average with 123 cities recording price increases over the 12-month period.

Kuala Lumpur joins other first-tier cities that registered overall declines such as London (-0.3%), Melbourne (-1.5%) and Shanghai (-0.2%). The report also ranks Malaysia’s capital in the 129th position out of 150 global cities.

It was quoted in the report, “A mix of economic stagnation, high rates of new supply and affordability constraints are contributing to softening prices in a number of these urban markets”.

Nevertheless, the Asia Pacific region in overall performed better. On average prices across Asia Pacific cities increased 6.2% over the 12-months to September 2018, up from 3.3% a year ago.

Six Asian cities were part of the Top 10 best-performing cities, of which four are in India – Xi’an (1st), Ahmedabad (2nd), Hyderabad (4th), Bengaluru (5th), Hong Kong (7th) and Surat (9th).

What is ur opinion on inflated price threshold? When its more than 500k?

Depend on area.
For a 1000 sqft condo, 500k in KL or prime area is good price.
For a 1000 sqft condo, 500k in Shah Alam for example is just so so price.
For a 1000 sqft condo, 500k in Dengkil example Savanna Southville is overpriced.

Guess that in KL adress price does not change that much..still hovering between 400-500k unless its rumawip

This post has been edited by icemanfx: Dec 30 2018, 07:26 AM

U lelong agent?

He is Check his postings/threads. Nothing wrong with that, everyone got to eat

Haha I no issue with agent le....

Now this is real award. Data taken from real auction units in 2018.
Not like those developer own pay own promote award.

Congrats to all winner!




This post has been edited by AskarPerang: Dec 30 2018, 11:06 PM

Cyberjaya tops the list. I vouch for this list as a resident of Cyberjaya

what's your view on the recently completed Trinity Aquata? will have lelong soon?

Not able to tell so soon. Need 6 months at least to see the trend.
Well, the nearby Central Residence is in the top 5 lelong list. And is completed like in early 2017 (2 years ago). In 2018 only many lelong units appearing. Meaning owner no longer able to hold and just let it go via lelong.

So is this a good time to actually enter property field agent?What do you think? Still can make it?

KUALA LUMPUR (Jan 4): The domestic property market is projected to remain soft in 2019, as the issues of oversupply in certain segments and tighter lending are expected to continue to plague the market.

The softer market was reflected in the third-quarter financial performance of property players last year, with many developers posting lower-than-expected results.

https://www.edgeprop.my/content/1459109/pro...covery-seen-yet

More discount, rebate, cash back, free car from developers?


This post has been edited by icemanfx: Jan 4 2019, 02:26 PM

Any lelong unit in PJ near UM?

Ryan & miho is likely to have after vped.