http://www.theedgeproperty.com.my/content/...e-earners-dwell
igamer Your dream may have been fulfilled.

Unless pandan indah is exception, believe property in other areas in kv are having similar fate.

You mean bubble burst already or not? If it has burst we would know.. right now everyone is saying either that we are in an bubble or there is no bubble...

but if it has burst, everyone would be in agreement.

I fully agree, and this is because of BNM's and the ministry's having taken the steps to cool off the market in the past few years with the (re)introduction of the RPGT, the  70% MOF limit on the 3rd residential property loan, the minimum price for the foreigners to purchase their properties, the use of the net income to calculate eligibility vs gross as per previous etc.

When the lending is made more difficult, the market will cool down, and in a way this is good, because better to deflate than to burst.

I will wait till 800sqft priced at 250k.

Now only can afford property 300k below. So sad.. :0

Any Axis Residence wanna let go at 250k?.. hehe...

PETALING JAYA (May 30): Looks like more property owners are losing their holding power as 1Q2017 has seen a rise in the number of residential properties put up for auction in the country.

The number of residential properties that went under the hammer in 1Q2017 surged 14.4% to 6,225 cases worth RM1.78 billion from 5,442 cases worth RM1.375 billion registered in the same period a year ago, according to data compiled by AuctionGuru.com.

http://www.theedgeproperty.com.my/content/...14-y-o-y-1q2017

The ratio of new and repeated auction cases was about 50% in 1Q2017.

http://dbv47yu57n5vf.cloudfront.net/s3fs-p...tep_pullout.pdf

mean many 1st auction has no bidder and reserve price is likely to drop.

please bubble, i want to see all BBB and UUU unite.

House prices will never go down” is probably what we hear whenever we are told to invest in a residential property. And property developers have enforced that time and again, citing the rising cost of construction and strong demand from a growing population.

However, the latest data from the Valuation and Property Services Department’s Property Market Report 2016 showed that the Malaysian House Price Index (HPI) had in the fourth quarter of 2016 (4Q2016) stood at 243.3 points, down by 1.8 points, or 0.7%, against 3Q2016.

This is the first quarterly decline since 4Q2008, when the HPI contracted by 2.4 points, or 1.83%, to 129 points from 131.4 points in 3Q2008. Since then, the index has been reflecting an escalation in prices, until now.

....

Residential property market yet to bottom
Going forward, Tang says the residential market in all states will remain soft in 2017. He thinks the market has yet to bottom and the soft market conditions will persist for the rest of this year and possibly the first half of next year. He says the decline in the volume and value of residential property transactions only just started in 2013 and 2015, respectively.

https://dbv47yu57n5vf.cloudfront.net/s3fs-p...wres_locked.pdf

At current market sentiment, kv property is expected to be on 10th consecutive quarter of down trend. with more dibs units vp, downtrend is likely to accelerate.

my wife just bought a property from a flipper, market price 465k, he is selling for 395k, want 20% deposit cash.

Want to press lower, but he just dont want 

lel regardless who won erection property still UUU?

Developer net price is cheaper near vp than when launched.

We are not in the cyberjaya thread are we?

I am being asked if I would like to buy 2 properties in one of the serviced apartments there for the owners loan outstanding.. the property was bought more than 5 years ago, no more RPGT, and the owner still doesnt mind letting it go for nothing (he's getting nothing, after 5 years)

Sorry I am behind the acronyms a little. What isUUU and BBBb? WI do not know what you guys ar etalking about since I am not an investor
Well, it is one of the many serviced-residents there. 500+ sq ft, won't mention the exact place though.

Also, I dont plan on buying any property in CyberJaya, no offence to them. But I prefer Putrajaya, there is much more food and leisure variety there. The water feature is much more vast, the people are more relatable (if you know what I mean), and as such the food is more appealing to me thatn Cyber's.

I got a very cheap rent in Cyber, which is the reason we took it, wife works in Putrajaya which is just 10 minutes away; if I had the choice though, I would have stayed in Putrajaya instead.

Certainly, government data from the Malaysian Property Market Report 2016 paint a bleak out-look for the property market, with only 31% of the 52,000 new homes launched for sale last year being taken up. The residential property overhang — homes that have been completed and ready for occupation for more than nine months that remain unsold — stood at 90,491 units at end-2016, worth some RM8.5 billion.

PR1MA currently has 89 projects nationwide, comprising 89,449 units of homes with an estimated gross development value of over RM23 billion, in the works. To date, it has managed to sell 9,791 units worth RM2.36 billion, which suggests a sales performance of only 10% — very much lower than the 2016 national average.

In terms of value, the 2016 residential property overhang largely comprised units costing RM500,000 and more, but the number of units costing less than that remaining unsold have also been rising. PR1MA could potentially add a significant number to the overhang inventory, considering the number of homes it would complete within the next three years, and its sales performance to date. Should such a scenario materialise, the current problem of not having enough affordable housing could suddenly transform into that of having too much of it, with the government saddled with the cost of paying to build homes that people can’t afford to buy.

The real problem with the nation’s mounting property overhang appears to run deeper than the central bank’s strict lending policies. Essentially, at its core, residential property prices need to come down even lower. This should enhance affordability among the masses so that more can qualify for a loan based on their existing income. The central bank’s assertion that potential home buyers should not be allowed to take on debts that they cannot afford, just to buy property, is indeed the right stand.

https://themalaysianreserve.com/2017/07/21/...ing-guidelines/

The worst is yet to come.

KUALA LUMPUR: A property expert has rejected the view that property prices in Malaysia have bottomed out.

Speaking to FMT, chartered surveyor Ernest Chong said he foresaw prices dropping for another two to three years.

He was responding to comments made recently by Sarkunan Subramaniam, the managing director of property consultancy firm Knight Frank.

Subramaniam said in a press interview that the property market had now “seriously bottomed out” and that the market was expected to recover by the end of the year.

But Cheong said property prices could drop more deeply than they did during the 1997/1998 Asian Financial Crisis.

“The cost of living then was still manageable,” he said. “People weren’t struggling as much as they’re doing now and could even afford to save money. It was the banks that were struggling.

He noted that during that financial crisis, residential property values dropped by 36% while commercial property values dropped by 43.9%.

He acknowledged that this was more than the 25% to 30% drop in prices of some properties in today’s market. However, he added: “I believe the percentage prices of properties will drop to levels which are even lower than during the Asian Financial Crisis due to the reduction in consumers’ purchasing power, stagnant salaries, the current economic climate, the goods and services tax and, of course, the oversupply of properties.”

He said he couldn’t say for sure when prices would finally bottom out, but expected them to go lower than the 1997/1998 levels by the middle of 2018.

He said speculators who bought properties between 2010 to 2014 were likely to be the hardest hit.

“So if you are looking for a home, I would say wait till next year. But be sure to evaluate your financial capabilities. If you can afford a loan, then it might be a good time to buy a home.

“But if you’re in no hurry, it would be better to wait till 2019 or 2020. By then, if prices haven’t bottomed out, they would have reached very low levels.”

http://www.freemalaysiatoday.com/category/...ch-rock-bottom/

Sold for: RM3.35 million

Concluded by: Jacob Chin (REN 06912) of Vivahomes Realty (017-612 2331)

When: April 2017

Noteworthy:
● Freehold
● Land area: 1,650 sq ft
● Built-up area: 6,490 sq ft
● Intermediate unit
● Nearby amenities include F&B outlets, financial institutions, shopping mall and offices
● Accessibility: Damansara-Puchong Expressway (LDP), Sprint Expressway and Jalan Damansara

Located on Jalan SS21/56b in Damansara Uptown, the commercial hub of Damansara Utama, the four-storey shopoffice faces Jalan SS21/56 and some double-storey terraced houses.

Although it is situated in a busy commercial area and surrounded by various amenities, including banks, F&B outlets, offices, a shopping mall and residential areas, the shopoffice was transacted at below the average price of similar units in the area which are going for between RM3.8 million to RM4 million, said Vivahomes Realty senior negotiator Jacob Chin, who concluded the deal.

“This is because the unit is located on a relatively quiet street, hence the price and rent are lower than those located in the inner parts of Damansara Uptown facing office buildings,” Chin said, adding that the shopoffice is fully tenanted with a monthly rental of RM10,700.

He pointed out that the seller decided to sell the property at below market price as it has been on the market for quite some time.

“The seller bought this shop from the developer around 40 years ago at a price of about RM400,000. He wanted to sell it to fund his business,” he added.

https://www.theedgeproperty.com.my/content/...a-petaling-jaya

$400k to $3.4m in 40 years is about 5.5% p.a. compounded.

http://www.propwall.my/classifieds/1412116...ng?tab=property

https://www.brickz.my/transactions/resident...ara/non-landed/

http://www.propwall.my/11_mont_kiara/class...ting=For%20Sale

Launched price $720 psf in 2008, recently transacted between $751 to $934 psf. It seems some vendors are willing to let go at about 2008 launch price.