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 Multiple Signs of Malaysia Property Bubble V20

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HereToLearn
post Feb 17 2022, 07:07 PM

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QUOTE(Syie9^_^ @ Feb 16 2022, 11:56 PM)
Got RM400 rent/month? for 3 bed & nicely furnish?
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Unfortunately not yet
TSicemanfx
post Feb 21 2022, 10:29 AM

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QUOTE(AskarPerang @ Feb 20 2022, 11:01 PM)
Updated list.
4 active lelong units in the market currently.
Including 1 unit from the low rise "luxury" unit.
A-18-05, Residensi Sembilan Cheras
Reserve price 🔥🔥RM 306,180🔥🔥
Freehold
1124 sqft
Auction: 25th Feb 2022 (Fri), 11.30AM
A-02-10, Residensi Sembilan Cheras
Reserve price 🔥🔥RM 720,000🔥🔥
Freehold
1211 sqft
Auction: 21st Feb 2022 (Mon), 3.00PM
A-21-08, Residensi Sembilan Cheras
Reserve price 🔥🔥RM 415,530🔥🔥
Freehold
1502 sqft
Auction: 25th Feb 2022 (Fri), 11.30AM
B-01-03, Residensi Sembilan Cheras
Reserve price 🔥🔥RM 650,000🔥🔥
Freehold
2758 sqft
Auction: 21st Feb 2022 (Mon), 3.00PM
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QUOTE(AskarPerang @ Feb 20 2022, 11:06 PM)
Never ending lelong units from here.
3 more cheap active lelong units in the market currently.
Details as below:

1. T1-13-09, 1039sqft, RP: 406,782. Auction: 25th Feb 2022 (Fri), 11.30AM
2. T2-39-3A, 1127sqft, RP: 432,000. Auction in Mac 22.
3. T3-3A-09, 996sqft, RP: 401,400. Auction in Mac 22.
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QUOTE(AskarPerang @ Feb 20 2022, 11:12 PM)
No bidder even at below 600K.
Further price drop. Vacant unit.
Updated details as below:
B-13A-7, Residensi Andes Ria
Reserve price🔥🔥RM 524,900🔥🔥
Freehold
1843 sqft (private lift)
Auction:  10th Mac 2022
*Non bumi lot
*Vacant unit

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

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QUOTE(AskarPerang @ Feb 20 2022, 11:20 PM)
Another lelong unit check in at 3rd round re-auction.
Drop from 1.3M.
08-3A, Residensi Sefina Mont' Kiara
Reserve price🔥🔥RM 1,053,000‬🔥🔥
Freehold
1548 sqft
Auction: 25-Feb-2022
*Vacant brand new condition
» Click to show Spoiler - click again to hide... «

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QUOTE(AskarPerang @ Feb 20 2022, 11:25 PM)
Lelong unit check in at cheap price.
Drop from 480K.
Now at 3rd round re-auction.
A-13A-08 (A-14-08), USJ One
Reserve price 🔥🔥RM 349,920🔥🔥
678 sqft
Freehold
Auction: 25-Feb-2022
» Click to show Spoiler - click again to hide... «

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TSicemanfx
post Feb 21 2022, 05:09 PM

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QUOTE(AskarPerang @ Jan 24 2022, 09:19 PM)
Another cheap lelong unit check in.
F-17-3A, Residensi Flora One South (Greenz @ One South)
Reserve price 🔥🔥RM 351,000🔥🔥
Leasehold until year 2094
1082 sqft
Auction: 17th Feb 2022 (Thu), 10.30AM
*Vacant unit
Layout:
» Click to show Spoiler - click again to hide... «

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QUOTE(AskarPerang @ Feb 21 2022, 03:23 PM)
Unit sold at reserve price 351K.
Single bidder won unchallenged.
Good catch.  thumbsup.gif
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TSicemanfx
post Feb 22 2022, 12:18 AM

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QUOTE(scorptim @ Feb 21 2022, 11:57 PM)
1 mil above memang a lot of good deals. If you rich go for the 2m above ones even more better deals, more than 50% also.
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QUOTE(Icehart @ Feb 21 2022, 11:59 PM)
Subsale 800k and above very hard to sell
Puchong already got quite a few 700k and above end lot 22x75 but not moving for the past one year
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QUOTE(scorptim @ Feb 22 2022, 12:11 AM)
If I kaya, I already sapu lo. Those are just mampu tengok for me which I come across when I scouting for poorfag houses. But seriously if you have the money, a lot of those 3-5m market price props going for 2m++.
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QUOTE(scorptim @ Feb 22 2022, 12:14 AM)
Yeah even hit places like bandar puteri got people selling 700k++ now 3 years ago wanna get below 900k also hard.
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scorptim
post Feb 22 2022, 10:54 AM

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I-zen II Mont Kiara also got good deal

Drop from 1M.
No. 26-2, 26th Floor, Kiara II (I-Zen @ Kiara II), Jalan Kiara, Mont Kiara, Off Jalan Bukit Kiara, 50280 KL
Reserve price🔥🔥RM 765,000‬🔥🔥
Freehold
1561 sqft
Auction: 17-Mar-2022
mac_mac21
post Feb 22 2022, 10:56 AM

Getting Started
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Where to get all this lelong units info?

Other than askar perang posted ?
thenazek
post Feb 22 2022, 06:01 PM

On my way
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QUOTE(mac_mac21 @ Feb 22 2022, 10:56 AM)
Where to get all this lelong units info?

Other than askar perang posted ?
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Banyak website lah abang. A simple google can do.
TSicemanfx
post Mar 1 2022, 03:04 PM

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user posted image

PETALING JAYA: Surging deflationary pressure, shrinking labour force and lower tax collection are set to be the scenario as corporate Malaysia transitions into an ageing society.

With this scenario on the horizon, economists said it would have negative implications on the economy, thus proactive measures need to be mobilised to ensure economic sustainability.

With around 7% of the population aged more than 65 in 2020, the country has met the World Bank’s threshold definition of an ageing country.

The bank said that by 2044, 14% of the population is expected to be over the age of 65, making Malaysia an “aged society”.

Come 2056, Malaysia would be a “super-aged society”, with over 20% of its population above the age of 65, it noted.

https://www.thestar.com.my/business/busines...-retirement-age

Home price is likely depressed in ageing nation.


This post has been edited by icemanfx: Mar 1 2022, 03:04 PM
TSicemanfx
post Mar 4 2022, 11:02 PM

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The average house price in KL for the year 2000 was RM245,249 and RM708,812 in 1Q2021, with a 5.6% average annual change over the 20 years. The most significant yearly change is in 2012, with a 17.48% increase. There were continuous declines in the pattern of price growth for 2018, 2019 and 2020 with -4.53%, -12.76% and -4.13%, respectively.

Selangor’s average house price in 2000 was RM204,105 and RM534,846 in 1Q2021. The average annual change over the 20 years was 4.8%.

The average house price for Johor in 2000 was RM132,872, whereas in 1Q2021, it was RM350,000. The average annual change between the 20 years was 4.8%.

The average house price for Penang in 2000 was RM174,279 and RM300,000 in 1Q2021, with an average annual change of 3.2% over the 20 years. There was a decline in 2018 and 2019 by 16.14% and 5.60% respectively, while prices stabilised in 2020.

https://www.edgeprop.my/content/1901376/res...e-over-20-years

In the long term, poorperly value rise at about inflation rate.

This post has been edited by icemanfx: Mar 4 2022, 11:09 PM
TSicemanfx
post Mar 12 2022, 02:50 AM

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QUOTE(AskarPerang @ Mar 11 2022, 11:53 PM)
Few years after completion.
Still got so many lelong units in the market.
All dropping price each round drop 10%.

Latest list of active lelong units as below:
1. 𝐓𝟑-𝟎𝟏-𝟏𝟎
Size: 586 sqft
Auction Price: RM322,000
Auction Date: 16th March 2022
2. 𝐓𝟏-𝟏𝟑-𝟎𝟗
Size: 1039 sqft
Auction Price: RM366,104 (BUMI LOT)
Auction Date: 16th March 2022
3. 𝐓𝟐-𝟑𝟗-𝟑𝐀
Size: 1127 sqft
Auction Price: RM432,000
Auction Date: 16th March 2022
4. 𝐓𝟑-𝟑𝐀-𝟎𝟗
Size: 996 sqft
Auction Price: RM402,000
Auction Date: 17th March 2022
5. 𝐓𝟐-𝟐𝟕-𝟎𝟏
Size: 1150 sqft
Auction Price: RM567,000
Auction Date: 21st March 2022
6. 𝐓𝟐-𝟑𝟕-𝟎𝟏
Size: 1127 sqft
Auction Price: RM558,000
Auction Date: 21st March 2022
7. 𝐓𝟐-𝟑𝟐-𝟎𝟏
Size: 1127 sqft
Auction Price: RM558,000
Auction Date: 21st March 2022
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TSicemanfx
post Mar 18 2022, 03:06 AM

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QUOTE(AskarPerang @ Mar 17 2022, 02:43 PM)
Another lelong unit sold yesterday.
B-10-07, single bidder won unchallenged at 635K.
Good catch.  :thumbsup:
user posted image
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QUOTE(ck2chan @ Mar 18 2022, 12:35 AM)
https://www.iproperty.com.my/property/chera...sale-101694250/

RM572,000 for 2,027 sqft.
Good for family own stay, big size. cannot find in KL areas.
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This post has been edited by icemanfx: Mar 18 2022, 03:07 AM
TSicemanfx
post Mar 24 2022, 12:19 AM

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The National Census 2020 revealed that the population percentage of senior citizens aged 65 and above has increased significantly in the past two decades.

It now stands at 6.8 percent or 2.2 million in 2020 compared to 3.9 percent in 2000.

According to the United Nations standards, a country or region is defined as an ageing society if those aged 65 and above are between seven and 14 percent of the entire population.

Therefore, Malaysia is on the cusp of becoming an ageing society.

Although the percentage of the older population aged 65 and above increased steadily from 3.3 percent in 1970 to four percent in 2000, it suddenly spiked to 6.8 percent in 2020.

https://newslab.malaysiakini.com/census-2020/en
TSicemanfx
post Mar 24 2022, 09:30 AM

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Only 3% of EPF contributors can afford retirement, an official of the Employees Provident Fund said today, noting that Covid-related withdrawals over the past two years have had a massive impact on the savings of contributors.

In his presentation, Nurhisham said by the end of this year, 54% of EPF members aged 54 would have less than RM50,000 in their savings account; a majority of those who withdrew their entire EPF savings upon reaching age 55 would use it up within two to three years.

https://www.freemalaysiatoday.com/category/...etire-says-epf/

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This post has been edited by icemanfx: Mar 24 2022, 12:29 PM
TSicemanfx
post Apr 12 2022, 11:49 AM

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QUOTE(Chady @ Apr 12 2022, 12:29 AM)
Launching 2022/2023:

Bangsar
1. Bangsar Rising

Shah Alam
1. L&G - Aria Rimba - Terrace house

Kwasa Damansara
1. YTL - Townhouses
2. Rimbun Damansara (AZRB) - Condo
3. Gadang Holdings Bhd - Terrace house and condo

Mont Kiara
1. Kiaramas Dedaun - Asia Quest
2. Pavilion Mont Kiara
3. MK31 - UEM Sunrise
4. Bon Kiara - Bon Estate

Bukit Bintang
1. SWNK House
2. The Orion

Cheras
1. Sunway Alishan

Taman Melawati
1. SkyWorld - SkyRia by the Hills
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The more the merrier; more opportunity for suppliers, contractors, service providers, re agent, flippers, etc.

TSicemanfx
post Apr 16 2022, 06:13 PM

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The Employees Provident Fund (EPF) has received a total of 5.3 million applications worth RM40.1 billion under the special withdrawal facility as of 8pm Thursday (April 14).

“The number of applications received represented 44 percent out of the 11.95 million members who were eligible to withdraw their savings under the facility.

“Breaking down by wage groups, this represented 55 percent of eligible B40 members (those earning less than RM1,700), 59 percent of M40 members (RM1,701 - RM4,900), and 39 percent of T20 members (earning above RM4,900),” it said.

It said a further 29 percent of informal and inactive members also applied.

https://m.malaysiakini.com/news/618282

https://www.theedgemarkets.com/article/epf-...drawal-facility

This post has been edited by icemanfx: Apr 17 2022, 11:58 AM
jojolicia
post Apr 16 2022, 06:47 PM

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QUOTE(icemanfx @ Apr 16 2022, 06:13 PM)
The Employees Provident Fund (EPF) has received a total of 5.3 million applications worth RM40.1 billion under the special withdrawal facility as of 8pm Thursday (April 14).

“The number of applications received represented 44 percent out of the 11.95 million members who were eligible to withdraw their savings under the facility.

“Breaking down by wage groups, this represented 55 percent of eligible B40 members (those earning less than RM1,700), 59 percent of M40 members (RM1,701 - RM4,900), and 39 percent of T20 members (earning above RM4,900),” it said.

It said a further 29 percent of informal and inactive members also applied.

https://m.malaysiakini.com/news/618282
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Did read wrongly, T20 group earning 5k & above? Bila bar adjust downwards but still 20/100?
TSicemanfx
post Apr 17 2022, 12:33 PM

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user posted image

A household may have two or more epf members.

This post has been edited by icemanfx: Apr 17 2022, 12:42 PM
TSicemanfx
post Apr 22 2022, 09:00 PM

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QUOTE(autodriver @ Apr 22 2022, 10:30 AM)
I always held the belief that the housing property is good for own stay instead of investment. There are many new projects built for the past 5 yeras either high rise or landed look at the 2nd hand market most of these properties either are maintaining the initial selling price (or slightly higher due to renovated) or drop 10-20%.

In year 2015 I almost bought the Koi Prima and the selling price started at RM 550k before 10% discount. I didn't buy because the location is far side of Puchong. Look at the 2nd market in 2022 the Koi Prima used value is as low as RM 350k. There was lelong unit which sold as low as RM 300k only in year 2021.

I am lucky that I bought a double storey landed house in similar year even though it was outside KV but at least today 2nd hand value price is maintaining (it is losing still coz I have paid instalment for years).

Will I invest in housing property, yes for own stay but won't buy for investment purpose.
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TSicemanfx
post Apr 27 2022, 03:36 PM

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QUOTE(Timmy Tan @ Apr 27 2022, 08:22 AM)
Robertson and D'Sara Sentral. Not totally failed but subsale price 40% below SPA price. Room partitioning and airbnb also not enough to cover installment.
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TSicemanfx
post May 8 2022, 05:25 AM

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QUOTE(plouffle0789 @ May 8 2022, 03:21 AM)
no choice...
user posted image

user posted image

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