thankfully sold 2 biji before MCO

Good for you

Tan said prices of primary properties could go down between 10% and 15% and about 15% to 20% in the secondary market.

https://www.thestar.com.my/metro/metro-news...WxqbAihBZusGEzY

One property jedi master foresee price will drop in range of 30%.

This post has been edited by icemanfx: Apr 11 2020, 04:15 PM

Ah...the ever familiar "sticker game". But when you purposely point to a unit that has been "stickered" , the sales agent will always say check with boss, and then come back with director, directors relative, friend, grandma grandpa reserved but not confirmed " kind of excuses. So if you are interested, we can check with our Director for you.

Sounds familiar?

did I say I am some youtubers?

ooo oOo you also youtuber?
thx for youtuber's advise ooo o0o

This post has been edited by AhBoy~~: Apr 11 2020, 05:08 PM

lol. you mentioned the youtuber (some property guru) so that means you agree with his view?

if not, u should mentioned u dont agree with the youtuber or dont reply at all

This post has been edited by kurtkob78: Apr 11 2020, 07:55 PM

mentioned mean agree?
the world is full wankers that think they have an opinion in everything the moment they hear of some thing .. u?

if everyone know everything no need to discuss lo. because already agree or disagree.. cannot talk about things if still not sure, no wonder so many losers.. buy buy buy or scare scare scare.. cannot see 1st, discuss or talk about facts

This post has been edited by AhBoy~~: Apr 11 2020, 10:50 PM

u didnt give any of your opinion. so whats your say on this ?

Whatever, lets focus on the topic. I say the prop price index will decrease further in 6-9 months from now. even the Q3 2019 the residential price index has fall. the prop price index for KL has fall for 3.2% and Selangor fall for 0.3%. look at the stats from Napic.


http://napic.jpph.gov.my/portal/web/guest/...1&fileURI=10124

your say ?

This post has been edited by kurtkob78: Apr 11 2020, 11:38 PM

Rather than waiting for a good time, better you spend the time looking for good deals.


It will be 9-12 months time to be exact, moratorium is for 6 months, don’t forget.

He’s really trying hard to use reverse psychology there.

It seems market peaked in 2012. 2018's volume is lower than 2008's.

current overhang will take longer than most expected to reduce.

if the law of supply and demand hold, price will continue to trend down.

Still got property expert say propeety price will go up?

Now already crashed 20% .. mine crashed 15%..

The prop market expected to reach equilibrium ard 30 % crash or more..

Not in the near future but yeah property “experts” will always try to convince you otherwise.

In terms of price drop it really depends on location, those super prime areas won’t reach 30% imo. Maybe those other places will especially with the current situation.

Personally for me I just look for good deals, be it subsale or auction and just buy and hold first.

Drop only if the unit vacant + no holding power

My units all tenanted, im not eager to sell if i dont need to cash out.

I can forsee some businessman may fail to hold due to cash flow / bankrupt. But not many la. Still got option to refinance with low interest now.

Those buy condo 800k above memang jialat liao if not in prime area :S

What is evident from this MCO is many appear rich but don't have the holding power. It's just a matter of time before many speculators cave in. You sir, are one of the exceptions.

nobody will be in the right mind (for a M40 family) to rent above 2k (empty unit) or 2.5k (fully furnished unit)

It's either the landlord drop the rental and suck up the balance for repayment, or they sell it to another buyer at a loss

However i see is that as price of building material and labor are getting so expensive, the low price for property will not stay long

my estimate is drop another 10-15% from current value (which already drop 15-20% from peak), then it will continue to goes up (low interest rate and inflation plays a factor too)

I will foresee the government will lower OPR and create higher inflation to support export industry and also to increase country cash-flow

you have to take in consideration of those hundreds of thousands of graduates migrating to KV/PG/JB for work annually. they will need somewhere to stay

This post has been edited by squarepilot: Apr 14 2020, 02:42 PM

Hmmm but if it goes up, salary doesn't, it can't continue going up right?

It will in my opinion, when ringgit goes down, export industries will reap more revenue in terms of MYR

then will be followed by government civil servant, im sure the current PM will try to keep them happy

worse impact will be seen by local SME owner and employee, they will be stuck nowhere currently. eventually their revenue will increase because all will increase their sales/service price due to inflation. just waiting the banks to increase their lending ratio. with government policy of printing more money in money, banks will definitely lend more

This post has been edited by squarepilot: Apr 14 2020, 03:08 PM

Property prices expected to decline by as much as 20% following Covid-19 — buyers market ahead, says MIEA

https://www.theedgemarkets.com/article/prop...says-miea%C2%A0

KUALA LUMPUR (April 16): Property prices are expected to decline by as much as 20% in the next few months with more motivated sellers, as the impact of Covid-19 continues to unfold.

During the online Asean Real Estate Forum, Malaysian Institute of Estate Agents (MIEA) president Lim Boon Ping said that the Malaysian real estate market will shift to a buyer’s market, from a seller’s market previously, as a result of Covid-19.

As such, property prices at best could decline by 10%, and at most could decline by 20%.

That said, he noted that despite the implementation of the Movement Control Order (MCO) — which has resulted in no property viewings, moving in and out of properties, and sale and purchase (S&P) agreements being signed — there have been some property deals that have been closed without viewings.

“There are cases where negotiators [have been] closing deals where the buyers have not viewed the property,” he said.

He added that real estate agents in Malaysia should learn to use technology to enhance the services they provide following the MCO and Covid-19.

Regarding a report by the International Monetary Fund (IMF) stating that Malaysia would have the fastest-growing gross domestic product (GDP) among Asean-5 countries in 2021, Lim said that there are many voices who have different views on the matter.

“The message sent out is that Asean countries will suffer [this year]. But there will be a positive rebound in economic activities,” he said.

Meanwhile, Indonesian Association of Real Estate Agents (IAREA) vice-president Jaya Cahyadi said that there will be a shift in the concentration of wealth following Covid-19. As such, real estate agents should broaden their network and find those.

He cited that those involved in the production of medical supplies such as hand sanitisers and masks would likely have more capital and as such real estate agents should look at the owners of such businesses when broadening their client network.

“After Covid-19, you want to go after the right people in the right industries. Now is the time to find the right people,” said Jaya.

When asked if there would be an influx of Singaporean buyers into the Malaysia market, president of Singapore’s Institute of Estate Agents (IEA) Herman Yeo said Singaporean buyers would still buy if the property is within the high-end segment and is attractive enough.

Meanwhile, Jaya said that Indonesian investors with the means to do so would likely invest within Indonesia, as opposed to Malaysia and Singapore, due to the weakening rupiah and the great amount of opportunities in the country.