so....500sqft studio KL RM120k got?
Multiple Signs of Malaysia Property Bubble V20
Multiple Signs of Malaysia Property Bubble V20
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Apr 27 2020, 08:17 PM
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Senior Member
2,275 posts Joined: Jun 2010 |
so....500sqft studio KL RM120k got?
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Apr 27 2020, 08:20 PM
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Senior Member
761 posts Joined: Aug 2006 |
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Apr 27 2020, 08:22 PM
Show posts by this member only | IPv6 | Post
#2983
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816 posts Joined: May 2013 |
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Apr 27 2020, 08:38 PM
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373 posts Joined: Dec 2004 From: Kuala Lumpur |
QUOTE(icemanfx @ Apr 27 2020, 08:06 PM) Most of not all bought with bank loan, incurring loan interest daily. Oh Sorry my statement , Not greed , but pessimistic about property or the economy , it’s totally different,Price stagnant could mean losing out on loan repayment made. Financial loss could be substantially higher than nominal price drop e.g $800k property made about $48k repayment p.a. if price stagnant for 3 years and subsale sold at $800k, would have lost about $144k. Realistic is better than blind by greed. I just hate people spread pessimistic in young people society Prove me the claims then , how many in one area ? 2 or 4 ? 20 units ? Out of 200,000 , 1,000,000 or 2,000,000 existing houses in one area?? Oh my God, that’s a lot !!! Which area are sold 800k then still selling 800k now after 3 years or 5 years , I wan see JPPH Jabatan report not Iproperty ones |
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Apr 27 2020, 08:40 PM
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Junior Member
373 posts Joined: Dec 2004 From: Kuala Lumpur |
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Apr 27 2020, 08:57 PM
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All Stars
21,458 posts Joined: Jul 2012 |
QUOTE(jassicaskylpm @ Apr 27 2020, 08:38 PM) Oh Sorry my statement , Not greed , but pessimistic about property or the economy , it’s totally different, I was illustrating nominal price drop doesn't represent the whole picture.I just hate people spread pessimistic in young people society Prove me the claims then , how many in one area ? 2 or 4 ? 20 units ? Out of 200,000 , 1,000,000 or 2,000,000 existing houses in one area?? Oh my God, that’s a lot !!! Which area are sold 800k then still selling 800k now after 3 years or 5 years , I wan see JPPH Jabatan report not Iproperty ones Typical of for the tree and miss the forest foresights. |
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Apr 27 2020, 08:59 PM
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Senior Member
9,533 posts Joined: Jun 2013 |
QUOTE(jassicaskylpm @ Apr 27 2020, 08:38 PM) Oh Sorry my statement , Not greed , but pessimistic about property or the economy , it’s totally different, young man... why like this, pessimistic outlook is self evident ma..I just hate people spread pessimistic in young people society Prove me the claims then , how many in one area ? 2 or 4 ? 20 units ? Out of 200,000 , 1,000,000 or 2,000,000 existing houses in one area?? Oh my God, that’s a lot !!! Which area are sold 800k then still selling 800k now after 3 years or 5 years , I wan see JPPH Jabatan report not Iproperty ones figures we let you to discover, k/ talk kok sing song nia.. you under employment? which field? |
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Apr 27 2020, 09:42 PM
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#2988
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3,833 posts Joined: Oct 2006 From: Shah Alam |
QUOTE(jassicaskylpm @ Apr 27 2020, 08:40 PM) prove you are optimistic and buy some props.similar to prop gurus ask to be optimistic and buy props as investment. look what happened now. talk is cheap This post has been edited by kurtkob78: Apr 27 2020, 09:44 PM |
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Apr 28 2020, 07:14 PM
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Senior Member
4,721 posts Joined: Jan 2003 |
dude...have you heard the legendary quote by icemanfx? property is illiquid and it takes years to bottom... rinse and repeat... infinity team...
QUOTE(jassicaskylpm @ Apr 27 2020, 07:48 PM) |
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Apr 30 2020, 01:56 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space |
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Apr 30 2020, 01:59 PM
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4,482 posts Joined: Jul 2005 |
QUOTE(icemanfx @ Apr 27 2020, 08:06 PM) Most of not all bought with bank loan, incurring loan interest daily. Price rise slower and lower than loan interest is financial losses. Financial loss could be substantially higher than nominal price drop. that's a stupid calculation. Factor in the rental which you have to pay for a 800k property before putting up the figure of you have to pay RM48k repayment.e.g $800k property made about $48k repayment p.a. if price stagnant and subsale sold at $800k after 3 years, would have lost about $144k. Overhang was not an issue in 1997. Hence, this round price drop is almost certain will be more than 1997. I am not pessimistic but realistic. |
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Apr 30 2020, 02:08 PM
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All Stars
21,458 posts Joined: Jul 2012 |
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Apr 30 2020, 05:45 PM
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1,590 posts Joined: Oct 2010 |
https://www.edgeprop.my/content/1677312/ser...e-supply-surges
PETALING JAYA (April 30): Luxury serviced apartments in certain locations in the country have seen their market prices reduced by up to 14% amidst rising supply in the market. The 2019 Property Market Report by the Valuation and Property Services Department (JPPH) revealed that the asking prices of serviced apartments priced above RM1 million, such as Laman Ceylon, Hampshire Residences, Pavilion Residences and Platinum Suites in Kuala Lumpur city have contracted by 5% to 14%. Overall, the serviced apartment sub-sector had recorded 4,180 transactions worth RM2.89 billion in 2019, an increase of 17.6% and 3% from 3,553 transactions worth RM2.8 billion in 2018. This segment also formed 16.3% of the total commercial property transaction volume and 10% of total commercial transaction value. TOP PICKS BY EDGEPROP Although overall prices are stable, certain states that saw significant new supply (such as Johor Bahru, Kuala Lumpur and Selangor) have caused high-end serviced apartment owners to cut asking prices. In terms of serviced apartment transactions, Kuala Lumpur and Selangor contributed the most to the national market volume each with 48.5% (2,029 transactions) and 30.7% (1,285 transactions). The serviced apartment overhang continued to increase, recording a total of 17,142 units valued at RM15.04 billion, up by 50.8% in volume and 64.2% in value from 2018. Volume of unsold under construction and not constructed units in this segment however, declined to 33,827 units and 7,659 units, down by 9.3% and 40.5% respectively. On the supply front, there was a significant increase in completions and construction of new projects in 2019, by 33% (41,452 units) and 31.6% (33,853 units) respectively, whereas new planned supply (NPS) dropped by nearly 30% to 38,362 units. As at end-2019, there were 250,000 existing serviced apartments units in the country with close to 120,000 units in incoming supply and 180,000 units in planned supply. |
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Apr 30 2020, 06:23 PM
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600 posts Joined: Jun 2014 |
QUOTE(bearbearwong @ Apr 27 2020, 08:59 PM) young man... why like this, pessimistic outlook is self evident ma.. So do u regret good view height mou ?figures we let you to discover, k/ talk kok sing song nia.. you under employment? which field? Regret listen to icy mou If u listen to bbbbb and buy few years earlier then even today drop unwillnkot scarred |
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Apr 30 2020, 06:24 PM
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600 posts Joined: Jun 2014 |
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Apr 30 2020, 06:24 PM
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All Stars
21,458 posts Joined: Jul 2012 |
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Apr 30 2020, 06:30 PM
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600 posts Joined: Jun 2014 |
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Apr 30 2020, 06:50 PM
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All Stars
21,458 posts Joined: Jul 2012 |
QUOTE(Jliew168 @ Apr 30 2020, 06:30 PM) He could buy way earlier ..just because he listened to u he bought at peak In the contrary, if buy now or after next year, one could >20% on SPA price PLUS >18% (of spa price) on loan repayment.Anyway at least he make action and better than not buy anything He made a right decision but just a bit late Ngam mou bearbearwong This post has been edited by icemanfx: Apr 30 2020, 06:51 PM |
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Apr 30 2020, 06:56 PM
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600 posts Joined: Jun 2014 |
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Apr 30 2020, 07:00 PM
Show posts by this member only | IPv6 | Post
#3000
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162 posts Joined: Nov 2018 |
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