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 Multiple Signs of Malaysia Property Bubble V20

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Jliew168
post Jul 20 2019, 12:54 PM

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QUOTE(AskarPerang @ Jul 20 2019, 12:13 PM)
5 bidders just now.
Unit sold at 635k. Slightly higher than last month reserve price.
Not sure is a good catch or not.

This also confirm that subsale same size unit priced at 550k is definitely fake info.
*
550k is real info ..he just want sell fast and that unit in block A
He got special discount from developer la

If u got buyer at 700k I can settle with owner and let u have 4-5% commision ..owner is my friend and i serving his loan now ..bought without changing name

This post has been edited by Jliew168: Jul 20 2019, 01:00 PM
TSicemanfx
post Jul 21 2019, 12:14 PM

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user posted image
https://www.edgeprop.my/content/1563965/confidence-returning

Current price is cheaper than 5 years ago!


This post has been edited by icemanfx: Jul 21 2019, 12:15 PM
kurtkob78
post Jul 21 2019, 12:18 PM

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QUOTE(icemanfx @ Jul 21 2019, 12:14 PM)
user posted image
https://www.edgeprop.my/content/1563965/confidence-returning

Current price is cheaper than 5 years ago!
*
Looking at year 2018 also lower than 2016. Q1 2019 is preliminary data right?

This post has been edited by kurtkob78: Jul 21 2019, 12:19 PM
TrialGone
post Jul 21 2019, 12:21 PM

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Buy now! Next year worth x10! Trust /k.

Seriously, which sellers/salesmen/property investors will ever point out market downturn?
kurtkob78
post Jul 21 2019, 12:25 PM

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QUOTE(TrialGone @ Jul 21 2019, 12:21 PM)
Buy now! Next year worth x10! Trust /k.

Seriously, which sellers/salesmen/property investors will ever point out market downturn?
*
based on 5% per year price increase starting from 2012. house price for year 2019 should be 239-240k.
so got more room to price reduction

This post has been edited by kurtkob78: Jul 21 2019, 12:25 PM
TrialGone
post Jul 21 2019, 12:33 PM

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QUOTE(kurtkob78 @ Jul 21 2019, 12:25 PM)
based on 5% per year price increase starting from 2012. house price for year 2019 should be 239-240k.
so got more room to price reduction
*
Apparently you don't get my point.

I'm no property expert, heck maybe property will increase by x10 by next year, who knows. But reality is property prices are driven by supply and demand. And majority demand I see are from flippers. I don't think flippers gonna buy with only 5% profit margin. Couple that with current economy situation, oil down, stricter bank loan and stagnating salary, yeah.......highly doubt that. But that's my opinion, wrong or not. Do note at 2012, economy are booming, oil prices are up the roof, expats are coming in droves and flippers are having the greatest time of their life (evident by 2013 of >100% boost).

This post has been edited by TrialGone: Jul 21 2019, 12:36 PM
Daily11
post Jul 21 2019, 12:46 PM

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QUOTE(icemanfx @ Jul 6 2019, 07:31 PM)
Property price didn't double from 1999 to 2003. Asking price 720k is unlikely transacted price.
*
What we read in /k we need to read it with a pinch of salt smile.gif

Else, later like that dentist person
Jliew168
post Jul 21 2019, 03:57 PM

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QUOTE(icemanfx @ Jul 21 2019, 12:14 PM)
user posted image
https://www.edgeprop.my/content/1563965/confidence-returning

Current price is cheaper than 5 years ago!
*
So now u say is bbbb la
TSicemanfx
post Jul 21 2019, 04:14 PM

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QUOTE(Jliew168 @ Jul 21 2019, 03:57 PM)
So now u say is bbbb la
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Property overhang is still widening, price downtrend to continue.
SUSdestiny6
post Jul 21 2019, 04:21 PM

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QUOTE(Yggdrasil @ Jul 9 2019, 07:59 PM)
So run down, I think worth RM280k only
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Don't mind buying at 300k wey setia alam landed le.....

QUOTE(AskarPerang @ Jul 17 2019, 09:59 PM)
This house sold yesterday.
Attracted 4 bidders. The buyer managed to kawtim the other 3 bidders to withdraw from bidding. Side deal total amount is 12k (cash).
House transacted sold at 474k.
Good catch?
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Not really to me.....if it's below 400k then really a good catch for me

Red_rustyjelly
post Jul 21 2019, 04:22 PM

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QUOTE(TrialGone @ Jul 21 2019, 12:21 PM)
Buy now! Next year worth x10! Trust /k.

Seriously, which sellers/salesmen/property investors will ever point out market downturn?
*
lol i my property flipper friend is filing her bankruptcy this year if she cannot manage to sell 2 units of her 4 holding.

3rd and 4th key are coming soon. she told us either she can find another higher pay job or sell it at 10%-15% lower price.
otherwise she makan bread and water only.
jayko
post Jul 21 2019, 04:48 PM

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QUOTE(Red_rustyjelly @ Jul 21 2019, 04:22 PM)
lol i my property flipper friend is filing her bankruptcy this year if she cannot manage to sell 2 units of her 4 holding.

3rd and 4th key are coming soon. she told us either she can find another higher pay job or sell it at 10%-15% lower price.
otherwise she makan bread and water only.
*
did you low ball her? rclxms.gif rclxms.gif rclxms.gif
Cubalagi
post Jul 21 2019, 04:56 PM

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QUOTE(icemanfx @ Jul 21 2019, 12:14 PM)
user posted image
https://www.edgeprop.my/content/1563965/confidence-returning

Current price is cheaper than 5 years ago!
*
Good sign.. Deflating faster now.

Hopefully this year will see the bottom in prices.

This post has been edited by Cubalagi: Jul 21 2019, 04:56 PM
yeezai
post Jul 21 2019, 05:11 PM

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QUOTE(Red_rustyjelly @ Jul 21 2019, 04:22 PM)
lol i my property flipper friend is filing her bankruptcy this year if she cannot manage to sell 2 units of her 4 holding.

3rd and 4th key are coming soon. she told us either she can find another higher pay job or sell it at 10%-15% lower price.
otherwise she makan bread and water only.
*
Good news for real house buyer ...flipper/dev/valuer is the one that drive the price up ..
Red_rustyjelly
post Jul 21 2019, 05:17 PM

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QUOTE(yeezai @ Jul 21 2019, 05:11 PM)
Good news for real house buyer ...flipper/dev/valuer is the one that drive the price up ..
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but but but.... BBB UUU said no property bubble... where got? Discount only mah..

Red_rustyjelly
post Jul 21 2019, 05:18 PM

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QUOTE(jayko @ Jul 21 2019, 04:48 PM)
did you low ball her? rclxms.gif  rclxms.gif  rclxms.gif
*
no lah smile.gif , at least she honestly speaking.

unlike some people here in this tered.
jayko
post Jul 21 2019, 05:23 PM

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QUOTE(Red_rustyjelly @ Jul 21 2019, 05:18 PM)
no lah smile.gif , at least she honestly speaking.

unlike some people here in this tered.
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well, make an offer she can't refused lar, rclxms.gif rclxms.gif rclxms.gif ohmy.gif ohmy.gif ohmy.gif

either she want to see 2 underwater or all 4 underwater from the sound of it. icon_rolleyes.gif icon_rolleyes.gif
TOMEI-R
post Jul 21 2019, 05:28 PM

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QUOTE(Red_rustyjelly @ Jul 21 2019, 04:22 PM)
lol i my property flipper friend is filing her bankruptcy this year if she cannot manage to sell 2 units of her 4 holding.

3rd and 4th key are coming soon. she told us either she can find another higher pay job or sell it at 10%-15% lower price.
otherwise she makan bread and water only.
*
No worries. Going bankrupt won't need to serve time in jail. Nowadays you can't even place a deposit with immigration to get a passport to travel though you are a bankrupt.
alexkos
post Jul 21 2019, 05:52 PM

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got a guy hoot property 880k want sell same price but cant...now calling for 450k, still no ppl buy...

how ah?
alexkos
post Jul 21 2019, 05:55 PM

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QUOTE(AskarPerang @ Jul 20 2019, 12:13 PM)
5 bidders just now.
Unit sold at 635k. Slightly higher than last month reserve price.
Not sure is a good catch or not.

This also confirm that subsale same size unit priced at 550k is definitely fake info.
*
careful ya, can be left hand sell to right hand....

or sell back to own party and then calling for higher reserve price next round.

as always, due diligence

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