For instance, an auction listing on EdgeProp.my of a two-storey terraced house in Bandar Hillpark in Saujana Utama, Selangor has a reserve price of RM328,000, or around RM234.45 psf for a leasehold house with land area of 1,400 sq ft (built-up of 1,500 sq ft).

A secondary market listing on EdgeProp.my of a similar property is asking for RM430,000 or an average RM307.14 psf based on land area size. Compared with the sub-sale listing, the auction property price is 30% lower.

Refer: https://www.edgeprop.my/content/1480406/mor...der-hammer-2018

Citing a National Property Information Centre report, Lim said 80% of residential property transactions were in the secondary market, and the balance in the primary market.

https://www.edgeprop.my/content/1495096/mie...financing-issue

Little reliable information is available on subsale market. It could assume whatever is transacted at the primary market, it could be 3 to 5 times at the subsale market include number of property overhang.

This post has been edited by icemanfx: Mar 16 2019, 05:14 PM

The Malaysian retail industry reported a disappointing growth rate of 2.7% in the fourth quarter of 2018 (4Q18) from 3.1% a year ago, failing to meet market expectation of 4.7% projected in November 2018, said Retail Group Malaysia (RGM).

“Year-end festival and school holidays did not contribute to a better growth rate during this quarter,” it said in the Malaysia Retail Industry Report (March 2019) yesterday.

RGM added that the performances of all retail subsectors were mixed during the quarter.

“The supermarket and hypermarket subsector was the worst performer with a 4% decline in sales. For the whole year, its sales dropped by 5%,” it noted.

The department store-cum-supermarket subsector expanded by only 3.2% during the last three months of 2018, while it recorded a moderate growth rate of 4.5% for the year.

Meanwhile, the department store subsector continued to experience slower quarterly growth of 1% this year. It also remained flat for the whole year with a 0.5% growth rate.

https://themalaysianreserve.com/2019/03/20/...pected-in-4q18/

A indicator of market sentiment.

A drop in supermarket (necessity) spending could mean many are tightening their belt for loan repayment.

Is there a way to know which developer has high unsold units?

Developer offer higher discount than launch at mk.

This post has been edited by icemanfx: Mar 29 2019, 03:10 AM

Online purchases records breaking is part of the problem.

I disagree when it is mentioned super/hypermarket.
You don't buy meat or vegetables usually online.

Well sales not so good..
To increased sales.. Needed to offer discount 😁

Higher discount but is it lower price than early bird?

3 YEARS LIAO SINCE TERED START BUT I ONLY SEE INCREASE IN BUBBLE TEA CHAIN

Vegi fruits n meat usually fresher n cheaper in wet market/ pasar malam.

Super / hypermarket mainly geocery.

In Singapore’s exclusive Sentosa Cove residential enclave – touted as “the world’s most desired address” – the Cape Royale development stands out as one of the tallest buildings on the man-made island.

The luxury condominium was one of the latest additions to the prestigious waterfront haven, boasting unparalleled views of the South China Sea. It even landed a cameo in last year’s Hollywood box-office hit Crazy Rich Asians .

Beneath that shiny facade, though, there is another reality: not a single one of the 302 units at Cape Royale has been sold.

Average sales for condominiums in the area, however, were just S$1,560 per square foot in 2018, following a 33 per cent drop from 2010 to 2015, according to data from List Sotheby’s International Realty Singapore (List SIR).

Similar to the condominiums, Sentosa Cove bungalows have tumbled in price by about 30 per cent since peaking in 2013, with 11 villas worth a combined S$180.2 million changing hands last year. The weak demand was exemplified by a series of high-profile deals.

In 2017, Lee Kian Soo, founder and chairman of insolvent oilfield services group Ezra Holdings sold a prime waterway-facing bungalow in Cove Grove after reportedly putting out offers of about S$16 million or S$1,390 per square foot – a significant reduction from the initial price of S$26 million or S$2,258 per square foot just a year before.

https://www.scmp.com/week-asia/economics/ar...nd-rise-sentosa

Property price is not guaranteed to rise even in land scarce sg and supposedly exclusive and premium development. And aggregate economy doesn't need to tank for property price to drop.

This post has been edited by icemanfx: Apr 1 2019, 01:54 PM

Online hiring activity in Malaysia continued its downward slide in the first quarter (1Q) of 2019 after posting an 8% year-on-year (YoY) decline in both January and February.

According to the Monster Employment Index, the number marks the country’s 12th consecutive month of online hiring decline.

https://themalaysianreserve.com/2019/04/01/...es-slide-in-1q/

Another indicator of economy.

The number of small home office units that were put up for auction last year surged to 255 units in 2018, an increase of 83% from the previous year, according to data collated by AuctionGuru.com.my.

In the landed commercial property segment, the auction market saw 1,501 cases worth around RM3.075 billion last year, an increase of 44% in volume and 33% in value.

https://www.edgeprop.my/content/1502248/dra...ction-last-year

It seems property overhang and down turn is not limited to residential only.


This post has been edited by icemanfx: Apr 4 2019, 10:47 PM

For those looking for landed.

Leasehold can still wait for 2 rounds since there are more deal to come.

With Tesco online....this is no longer the problem

How come a house in Damansara suffer such predicament?

Open mudah or whatever property site and search, there are quite a few better choices at Damansara at the price.
Even 40% off doesn't seemed a great deal in comparison.

I can only say the market is very very bad, and the worse is coming still, and I can safely say there will be even better deal coming along.
But before that we have to cushion for the market difficulties to survive first.