well, the Budget 2020 are mainly focus to solved overhang units in primary market.

when is good time to buy?
a. when i got many cash
b. when market crashed
c. when my friend bought this project 5 years ago, he sold and earned RM50k
i attended DS Gavin Tee seminar before CNY 2020, the invited guest lawyer are mentioned overhang units in primary only 20% of overhang total amount. the rest of 80% are in subsale market.



if cant see the video above, please click : https://youtu.be/kSi1m2FooTk

mean number of overhang in subsale/secondary market is 4 times of primary market.

from this lawyer info sharing, yes.

Reserve price is at about launch price in 2011.

Another lelong unit check in.
This sure to attract many bidders.
Title perfected. High court auction.

when was this thread created ?

Another cheap lelong unit check in below 300k for Mutiara Ville.
Expected to attract few bidders.

Full online bidding only due to current situation.

F-01-02A, Block F, Mutiara Ville
Reserve price🔥🔥RM 260,000🔥🔥
Freehold
975 sqft, 2 car park slots
Auction: 21-Mar-2020 (Sat)
*Non bumi lot

Since u ask, everyone will have opinion. Mine is...
1. What's your age n employment risk?
2. As other people ask, 1 year emergency fund? Make sure you don't underestimate the amount wor?
3. $300k is quite low for cost avg for US, SIN stocks... I think market has at least another 20-30% drop...bloody in next Q report.
4. Big financial stocks belum goyang cukup lagi... n they eventually will.
5. Right now u eat well, sleep well, no stress... Why want to have anxiety, in hope to gamble in stocks now?  Wait a bit more.
6. Housing is lagging indicator. I was eyeing a Tmn Sri Nibong property, price just drop $250k. Other semi-d drop $50-100k. I oledi have fully paid properties, wait lah. No rush.
7. Crude, palm oil, backdoor Govt, incompetent Health Minister handling covid, economy slowing... All toxic cocktail. All things MAL will get worse.
8. Protect your Ringgit.....

So, bubble already?

No bidder. Further price drop.
Is now the cheapest ever reserve price.
Updated details as below:

F1-09-08, Tamarind Suites, Persiaran Bistari, Cyber 10, 63000 Cyberjaya
Reserve price 🔥🔥RM 160,380🔥🔥
Freehold
403 sqft, 1 car park slot
Auction:  21-Apr-2020 (Tue)
*Malay owner

oh yeah! was looking for this thread! Property Bubble liao! so how are you guys doing icemanfx bearbearwong

3 properties still not dead yet. owh you did not expect government will defer loan for 6 months right? hahaha

Are you guys still renting? hope you are paying your rents on time.

That means property n msian not doing good lor.. troll bait.. by now BBB would know their position very well..

No need to prove young man.. there wont be BBB replying now..

why not? I'm one of them ain't it? and hey i'm looking into buying. There's no better time to buy. Need to dig back discussion couple years back. Those who could afford they will still be standing strong. This MCO had proven the rich will just become richer.

Rich in cash yes.. n daring to buy yes they will

Rich in assests= rich debts..

oh yeah! was looking for this thread! Property Bubble liao! so how are you guys doing icemanfx bearbearwong

3 properties still not dead yet. owh you did not expect government will defer loan for 6 months right? hahaha

Are you guys still renting? hope you are paying your rents on time.

why not? I'm one of them ain't i? and hey i'm looking into buying. There's no better time to buy. Need to dig back discussion couple years back. Those who could afford they will still be standing strong. This MCO had proven the rich will just become richer.

dude if debt is the only thing this group of people is carrying they would not have second or third property mind you. Third property onwards is already telling you this guys could afford the 30% upfront. And now with the bad situation we are in. The one who is suffering  is those who are renting believing that property will one day burst bla bla bla. For these group of ppl including yourself keeping your job/business is already a question.

Are you still hoping this crisis to happen then? how long could you sustain?

dude if debt is the only thing this group of people is carrying they would not have second or third property mind you. Third property onwards is already telling you this guys could afford the 30% upfront. And now with the bad situation we are in. The one who is suffering  is those who are renting believing that property will one day burst bla bla bla. For these group of ppl including yourself keeping your job/business is already a question.

Are you still hoping this crisis to happen then? how long could you sustain?

in all economic recession, those highly geared are most vulnerable. as said many times, properties are illiquid, price takes years to bottom.

loan moratorium is a temporary relief. if market sentiment doesn't change, loan default will still occur after moratorium.

there is no doubt the rich will become richer, the poor remain poor and the middle class will become the new poor. rich are those with high net worth not highly indebted.

opportunity favour the prepared mind. buy when blood is knee deep on the floor. property is not the only option available during the crisis. as property price is lagging, there are many better investment opportunity available. beside, until oversupply is reduced substantially, price will remain suppressed.

most of the loans is called compressed loans... bank officer submit simultaneously for you based on one salary earning and lands you with muitiple properties, of which you cannot afford to pay the installments...

the 30% upfront , nowadays cash rebate 20% upwards... maybe pay 5 % upfront, cincai dig also can get... plp investing wont pump 30% in unless is a damm good deal and credit is exhausted...

buy liao, 4 years ago, price crash 20% after renovations