Negative equity peaked at 105,000 households in Hong Kong in 2003, according to the HKMA.

This came after the property bubble burst as a result of the Asian financial crisis in 1998 and the peak coincided with the outbreak of severe acute respiratory syndrome (Sars) in 2003.

Home prices fell over 60 per cent during the period, sending negative equity to a record high.

The HKMA also said that since the first quarter of 2011, there have been no negative equity mortgage loans that face the risk of turning into bad debt, which refers to delayed repayments for over three months.

https://m.scmp.com/business/banking-finance...-homeowners-see

A case study; property is illiquid, price takes years to bottom.

This post has been edited by icemanfx: Feb 2 2019, 08:44 PM

Near bangi. Address Dengkil. Newly completed.
Savanna Executive Suites, Southville City.
Can get below 300k in lelong market.

Punchong. Still fairly new.
Koi Prima
BSP Skypark / 21
Calisa
Those from Taman Mas area.
Can get at below 250k in lelong market.

Cyberjaya. Quite new.
Mutiara Ville 3 bedroom unit.
Can get below 300k in lelong market.
If studio unit can go to below 200k. But for own stay, i suggest better get proper 3 bedroom unit straight.
But if you got higher budget can go for Mirage By The Lake, Cristal Serin, Serin Residency, can get at around 400k.

Good luck.

I always thought partition / subletting by room basis normally happen at lower end property such as flat or medium cost apartment. But guess I'm wrong. This bad property market today, I think force people to be more creative. Yes, this occur at Casa Green Bukit Jalil. A 500-600k property.
Watch the video and you will know confirm fail bomba requirement. From initial 3 bedroom convert into 5 bedroom units.

Layout of the unit:




Video:




Original bedroom comes with laminated flooring, while you will see the partition room will be with normal tiles flooring.
Pics from that FB page as comparison:






The kitchen area turn into living room.
Yard area turn into small kitchen + washing machine.
Dining area convert into 1 extra room.
Living area convert into 1 extra room.
Here's the conversion drawn out:

Government should ban the sale of property development under 500 sq feet like in the UK to prevent these partition houses.
We don't want those bullshit like eating or cooking next to toilet bowl like what's happened in Hong Kong.

Should ban partiiton and sub letting also

-Already subletting is very legal and popular lol and the reason for anger for abuse of flat services by overwhelming number of tenants.-

This post has been edited by KorkorBesar: Feb 7 2019, 03:21 AM

Confirm will attract more banglas and africans.
Further destroying property value and living standard of the neighborhood.

So desperate for short term gain.

Life of Hong Kong subletting units

When home become unaffordable, people quality of life and welfare deteriorate. Hence, it is important for gomen to curb excessive price rise.

It will. Current era human are programme to die2 buy o rent to live as near to wateva they wan even if it means coffin size room

Understand in Australia, banks don't finance home smaller than about 500 ft2.

No need to curb as much as stop idiotic politicians from abusing this year tax money to inflate property prices by injecting the said tax ringgit into house loans or implement generation or 100% high interest loans.

This is what estate companies have been trying to push the government to do and force to banks to comply.

As long as the government ignore them, prices will drop naturally and slowly, the bubble will deflate and nothing bad will happen.

No, we just need a safety net.
Directly forbid the sale of any residential property under 500 sq ft like the UK government does, or once the trend starts it will be ugly.

According to Penang Rehda’s former chairman Datuk Jerry Chan, developers were expecting 2019 to be a worse than the Asian Financial Crisis at its peak in 1999.

https://www.edgeprop.my/content/1466644/dev...rse-1999-crisis

Unbelievable. This is crazy.
Still no taker both units.
Re-auction for the 7th time now this month.
From Oct 18 last year until now.

1st auction Ogos
2nd auction Sep
3rd auction Okt
4th auction Nov
5th auction Dec
6th auction Jan
7th auction Feb - Now!!!

Crazy dirt cheap pricing. I think people gonna regret didnt grab the unit last month.
Sure to attract many many bidders.
Good luck!!!

A-02-15, Block Aristata, Sutera Pines Condominium, Jalan Palma Utama, Twin Palms, Sungai Long
Reserve price 🔥🔥RM 289,000🔥🔥
Freehold
1118 sqft
Forrest view
Auction: 27-Feb-2019 (Wed)



A-05-01, Block A, Jalan Sutera Pines, Sutera Pines
Reserve price 🔥🔥RM 416,000🔥🔥
Freehold
1538 sqft (dual key unit)
KLCC view
Auction: 27-Feb-2019 (Wed)

Once again lelong unit available at cheap price from here. 2 available units.
More than 60% below S&P pricing.
With very poor occupancy rate.

C-01-02, 1st Floor, Block C, Sawtelle Suites, Jalan Cyber Heights, Cyber Heights Villa
Reserve price 🔥🔥RM 251,000🔥🔥
Freehold
710 sqft (duplex)
Auction: 27-Feb-2019 (Wed)

B-01-02, 1st Floor, Block B, Sawtelle Suites, Jalan Cyber Heights, Cyber Heights Villa
Reserve price 🔥🔥RM 278,000🔥🔥
Freehold
710 sqft (duplex)
Auction: 27-Feb-2019 (Wed)

https://www.edgeprop.my/content/1471152/fiv...malaysian-homes

A reason why shopping mall is packed during weekends and holidays.