if it goes 250K-260K below you better jump in.

nothing beats those anymore BUYER MARKET!!

Anyone have news on Penang market? Zzz price still crazy I think over here

In property-crazed Singapore, owning real estate isn’t always the high-yielding investment you might think.

The rate of return for private apartments in the city-state has slipped since 2011, when measures to cool the market were introduced by the government. In fact, some units now have a lower yield than Singapore’s national pension plan, which has a minimum fixed rate of return of 2.5%, research from property analytics startup UrbanZoom shows.

https://www.bloomberg.com/news/articles/202...a&sref=bZ8VXc8U

What's more for land abundant kv property.

Based on data from the National Property Information Centre’s (Napic) Unsold Property Enquiry System Malaysia (UPESM), there was an overhang of 50,008 overhang residential units worth some RM33.96 billion in the country as at the third quarter of 2019 (3Q2019). They include both residential- and commercial-titled housing, namely terraced homes, detached houses, apartments, condominiums, serviced apartments and Small-office Home-offices (SoHos).

Of the total, the non-landed sub-sector tops the list with serviced apartments (17,459 units) as well as apartments and condominiums (13,630 units) taking up more than 60%.

In 1Q2017, there were 22,175 overhang homes worth RM13.27 billion, which means, based on the 3Q2019 figure, the overhang has increased by a massive 126% in volume and 156% in value in just two-and-a-half years.

According to the UPESM data, overall, there were 112,244 units and 25,114 units of unsold property under construction and unsold unconstructed property as at 3Q2019 respectively, worth more than RM23 billion in total.







https://www.edgeprop.my/content/1638530/wha...operty-overhang

This post has been edited by icemanfx: Feb 7 2020, 02:14 PM

ur friend condo isit high density area?? or very far from city ??? near public trasnport??

my unit in Bkt Jalil and OKR....so far still get alot agent enquiry for rental...almost everyday...i think depends on area..both my units also ranges 500k++

Until rented out, enquiry remains enquiry.

if the unit still got alot enquiry means its not doing bad la

unlike some owners, even engage with multiples agent cant even get a tenant, end up low-balling the rental

$10 in the pocket is better than $50 on the table.

Can't really say low balling when eventually all comes back to supply demand.... if demand low and supply high... takkan still wanna insist high price?

which development is this bro ?

those studio units overhang can only be solved by opening sales to foreigners. If you think about it, which malaysian, who usually have a family, would buy a studio? usually those who buy are using it as rental/airbnb investment only

I have been a co-founder of IJM Corporation Bhd and a few other listed companies involved in property development, I have never seen so many unsold properties in my life. No one knows when this property glut problem can be resolved. Property prices will continue to drop for many more years to come. Now many property developers are already in liquidation or in bankruptcies because the banks are recalling back the loans. Moreover, the banks have increased the buyers’ down payment from 10% to 30 %. As a result, property developers cannot sell their products.

https://klse.i3investor.com/blogs/koonyewyi...oon_Yew_Yin.jsp

margin calls have begin!

This post has been edited by icemanfx: Feb 23 2020, 05:07 AM

Even if I have the $$$ I wont stay here. Very difficult to mix with rich neighbours