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 Multiple Signs of Malaysia Property Bubble V20

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moneyd9
post Jul 25 2020, 12:35 PM

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Any recommend website to check latest property price list n all in any Negeri ?
lopo90
post Jul 25 2020, 12:40 PM

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QUOTE(AhBoy~~ @ Jul 2 2020, 09:27 PM)
While the world is full of investment guru(which asks you to buy bulk and earn commission) and youtubers who keep saying how good properly as an investment, talk is also easy, especially just talking what people like to hear without proof and commitment.

I think people should also take other people real-life "painful" experience as an important lesson to think and do homework properly before bbb  biggrin.gif
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Those gurus talk only.

Easy to say when they don't take the risks
focusrite
post Jul 25 2020, 02:54 PM

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QUOTE(moneyd9 @ Jul 25 2020, 12:35 PM)
Any recommend website to check latest property price list n all in any Negeri ?
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https://www.brickz.my/

shows transacted price instead of selling price
TSicemanfx
post Jul 25 2020, 08:24 PM

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QUOTE(v1n0d @ Jul 24 2020, 02:15 PM)
At least yours price stagnate, mine -20% already. Developer unable to sell off remainder units so they started to throw price. I bought 8xx sq ft for 5xxk, now 10xx sq ft at 4xxk.
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QUOTE(max_cavalera @ Jul 24 2020, 02:16 PM)
Normal...everywhere is like this except very2 few niche location...

My 2 unit same like urs. One from 220k naik until almost 400k now drop until 300k...

Thats why i open tered earlier i dont believe prop is the best investment. Investment to hold value for a place to call home or hedge value ok i agree. Otherwise i just keep cash and invest it in capital markets.
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QUOTE(blanket84 @ Jul 24 2020, 02:27 PM)
Since you bought in 2016, it's pretty much expected because 2016 is the peak price. I saw one subsale house asking for 750k in 2016. Last year a house in the same taman sold at 580k, laugh.gif. Now people asking for 630k-650k. But most likely will go below 600k before any offer come in.
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QUOTE(JoeK @ Jul 24 2020, 02:34 PM)
yea. my house is subsale.

for new launches in my area is even worse, same size like my house launch price 700k 4-5 years ago.
late last year finished construction, this year value 650k only.. cant even breakeven
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HereToLearn
post Jul 26 2020, 09:55 PM

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QUOTE(focusrite @ Jul 25 2020, 02:54 PM)
https://www.brickz.my/

shows transacted price instead of selling price
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The transacted prices there are misleading (showing u the delayed data, which is higher than the current price). The prices dont telly with the subsale prices on property sites.
HereToLearn
post Jul 26 2020, 10:44 PM

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QUOTE(icemanfx @ Jul 25 2020, 08:24 PM)

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Still waiting for the crash
HereToLearn
post Jul 26 2020, 10:47 PM

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QUOTE(icemanfx @ Jul 25 2020, 08:24 PM)

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Why isnt this listed in the property talk forum topics? This is a very good topic
HereToLearn
post Jul 26 2020, 10:48 PM

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QUOTE(chanyi88 @ Jul 26 2020, 09:57 PM)
10 more years also wun bubble. here is not USA la.
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I have seen 1300psf launching price property, now selling at 4xx psf.
TSicemanfx
post Jul 26 2020, 11:43 PM

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Amazingly, house prices in Malaysia are still below pre-Asian Crisis 1997 levels, in inflation-adjusted terms, despite the recent housing boom.

https://www.globalpropertyguide.com/Asia/Ma...a/Price-History
rizts
post Jul 27 2020, 12:16 AM

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QUOTE(icemanfx @ Jul 26 2020, 11:43 PM)
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Amazingly, house prices in Malaysia are still below pre-Asian Crisis 1997 levels, in inflation-adjusted terms, despite the recent housing boom.

https://www.globalpropertyguide.com/Asia/Ma...a/Price-History
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After october will be worst.

TSicemanfx
post Jul 29 2020, 01:16 AM

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QUOTE(AskarPerang @ Jul 29 2020, 01:00 AM)
T1-17-09 sold at 460k today.
Won by this famous guru.


Anyway, as expected the low floor unit no bidder.
Updated details as below:

T3-01-06, Arte + @ Jalan Ampang
Reserve price 🔥🔥RM 403,893🔥🔥
Leasehold until 2113
1021 sqft with private lift lobby area
Auction: In Aug 2020

» Click to show Spoiler - click again to hide... «

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yeezai
post Jul 29 2020, 01:22 AM

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QUOTE(chanyi88 @ Jul 26 2020, 10:58 PM)
depends on location. if u need money, u willing to sell lower also.

there is nothing to bubble unless most people cannot pay up the loan only and no jobs.
Then banks have to lelong all the properties, and this is the time you can sapu cheap stocks but very unlikely to happen la.

after covid settle, msia economy will boom again also. still got 20-30 years to blossom. only and unless the gov really no money to pay external debts then only you should worry.
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Do you know theres alooooooot of ppl with compress loan out there now pissing their pants lol ...
SUSXXXOOOXXXOOO
post Jul 29 2020, 02:13 AM

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QUOTE(HereToLearn @ Jul 26 2020, 09:55 PM)
The transacted prices there are misleading (showing u the delayed data, which is higher than the current price). The prices dont telly with the subsale prices on property sites.
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min six month delay .....
langstrasse
post Jul 29 2020, 02:18 AM

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QUOTE(icemanfx @ Jul 29 2020, 01:16 AM)

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Price drops are getting insane. I wonder what the developer has to say about this. Though it doesn’t affect them financially, it surely affects their reputation when units get auctioned at less than 50% of the original purchase price.

QUOTE(yeezai @ Jul 29 2020, 01:22 AM)
Do you know theres alooooooot of ppl with compress loan out there now pissing their pants lol ...
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I hope they don’t resort to crime or suicide - that’s usually what desperate, financially strapped people do.
TSicemanfx
post Jul 29 2020, 02:38 AM

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QUOTE(AskarPerang @ Jul 29 2020, 01:36 AM)
5 bumi lot sold so far in the lelong market. Average RM307 psf.
6 non bumi lot sold in the lelong market. Average RM372 psf.

Got 10 active units still in the market: 8 bumi lots, 2 non bumi lot.
More to come.


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ChAOoz
post Jul 29 2020, 11:21 AM

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Developer throwing price via rebates/cashback while government provide incentives.

This is totally killing the secondary or subsales market which seller is unable to offer any of this. This is especially so in condos market
yeezai
post Jul 29 2020, 08:14 PM

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QUOTE(ChAOoz @ Jul 29 2020, 11:21 AM)
Developer throwing price via rebates/cashback while government provide incentives.

This is totally killing the secondary or subsales market which seller is unable to offer any of this. This is especially so in condos market
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Some Developer offering 20% rebates + cashback now ..free mot,spa,etc
TSicemanfx
post Aug 4 2020, 02:04 AM

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QUOTE(AskarPerang @ Aug 4 2020, 12:32 AM)
Once again another lelong unit check in at cheap price.
Refer above. Last year 2019 got 5 bidders bid up the price from 183k.
Let's see how about this time 2020.
Reserve price at below 150k. Cheapest ever.

C3-18-3A, 18th Floor, Block C3, Centrus Soho
Reserve price🔥🔥RM 148,803🔥🔥
Freehold
452 sqft (studio), 1 car park
Auction: 10-Aug-2020 (Mon)
*BUMI lot

» Click to show Spoiler - click again to hide... «

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QUOTE(AskarPerang @ Aug 4 2020, 12:52 AM)
Here's new list of lelong units.
Smart bidder better aim for higher reserve price unit at 280k++ and let people fight the cheaper price unit.
But if got plenty of cash in hand can even register for all 3 units and see how it turns out.
T1-13-12 (MSA), Third Avenue Cyberjaya
Reserve price🔥🔥RM 253,911‬🔥🔥
Freehold
775 sqft, 2 parking slot
Auction:  10-Aug-2020 (Mon)
T1-17-12 (MS A), Third Avenue Cyberjaya,
Reserve price🔥🔥RM 284,310‬🔥🔥
Freehold
775 sqft, 2 parking slot
Auction:  10-Aug-2020 (Mon)
T1-23A-12, Third Avenue
Reserve price🔥🔥RM 282,123‬🔥🔥
Freehold
775 sqft, 2 parking slot
Auction:  10-Aug-2020 (Mon)
T2-12-07 (MSB), Third Avenue Cyberjaya
Reserve price🔥🔥RM 328,050‬🔥🔥
Freehold
990 sqft (duplex), 2 parking slot
Auction:  10-Aug-2020 (Mon)
» Click to show Spoiler - click again to hide... «

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QUOTE(AskarPerang @ Aug 4 2020, 12:55 AM)
Once again lelong unit check in at cheap price.
1521 sqft and at much higher floor unit.

A-12-06, Blok Amethyst, Jalan CSR 1, Cristal Serin Residence
Reserve price: 🔥🔥RM 357,210🔥🔥
Freehold
1521 sqft
Auction : 10-Aug-2020 (Mon)
*Non bumi lot

» Click to show Spoiler - click again to hide... «

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TSicemanfx
post Aug 9 2020, 08:13 PM

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QUOTE(HereToLearn @ Aug 9 2020, 08:12 PM)
Just like how the buyers were trapped by property gurus during the property boom. Now, a lot of the properties have lost about 50% of the price (not value, they were already overvalued, but overly zealous buyers continued to chase high) in the auction. This turns lots of the property gurus into auction gurus, trapping buyers in auctions instead of new projects.
Thanks to them, auction prices are unlikely to drop anytime soon.

I wonder when the auction hype is over, where will they hunt next?
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HereToLearn
post Aug 9 2020, 08:15 PM

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QUOTE(icemanfx @ Aug 9 2020, 08:13 PM)

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WOW, thats a quick quote from stock exchange to property bubble topic

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