Looks like the market will be stagnant for a really long time.

Huge increase of supply incoming, property overhang to get worse and worse, especially for the high rise.

I don understand how DBk1 approve all these super high density development.

I don understand how DBk1 approve all these super high density development.

I don understand how DBk1 approve all these super high density development.

cost of labour and material continue to rise.the land price itself is crazy.
landed property is always a good choice for long term investment.
my friend bought a semi d in a semi rural area for 480k. just 3 years later the reserved unit open to public at a price of 600k.
single storey or double storey terrace is a good investment cause that is what the most ppl can afford.

Which location?

Sunway serene one example. Come out hit ldp jam like shit…hit federal also jam
I wont be suprise people will be stuck in car park during peak hours trying to get to work

i dont understand why bank still release loan with so many over hang unit in KV?
bank being squeeze by developer? if developer fall they gonna drag along together with the bank.

Sunway serene one example. Come out hit ldp jam like shit…hit federal also jam
I wont be suprise people will be stuck in car park during peak hours trying to get to work

Bank release loan liao then it's passed on to buyer di...buyer need to pay even if developer gg

By now, most of us can easily name the malls which are still standing and doing well in the Klang Valley alone. Unfortunately, not every place will stay the same forever.
Yesterday (6 June), the Facebook page Malaysia Shopping Mall shared multiple images of the current situation in 1 of the oldest malls in Kuala Lumpur – Plaza OUG

Plaza OUG during public holidays. Plaza OUG will be demolished soon by this year and makes way for 2 highrise buildings…

Posted by Malaysia Shopping Mall on Monday, June 6, 2022



On public holidays, malls are expected to be crowded but not in this case. With most of the shops unoccupied, the caption of the post has broken the hearts of fans of the place.

“Plaza OUG will be demolished by this year to make way for a highrise building with a shopping mall & a basement car park.”

According to the caption, most of the tenants in Plaza OUG have moved out and even Parkson has also left last year.

Last year, The Edge Market reported that there are plans to redevelop Plaza OUG into a:

6-storey shopping complex,
a 30-storey hotel with 312 rooms
41-storey serviced apartment with 361 units.


A trip down the memory lane

It did not take long for the post to gain the attention of fellow Malaysians, especially the ones who grew up visiting the mall during its glory days. A lot of them expressed their sadness over the announcement and reminisced their memories of the place

.
Plaza OUG, which has a history of at least 30 years back is fondly known as Yaohan among the community.
n the meantime, some people were unhappy with NOT ONLY its pending demolition but with the necessity of another mall which will likely worsen the already-congested traffic in the area.
https://worldofbuzz.com/plaza-oug-will-be-d...-good-old-days/

https://www.theedgemarkets.com/article/stat...pfs-t20-members

malehsians are poorer than most expected.

With 580 sick projects against 2,552 launched projects, it also indicated that nearly 23% of house buyers’ fates were determined by those errant developers

According to the government’s statistics, as of March 31, 2022, the number of “sick” private housing projects rose to 580, comprising 102,132 units, which affected a total of 51,000 house buyers compared to 365 sick projects comprising 48,826 units affecting a total of 26,145 buyers in March 31, 2020 (Table 1). This represents a 58.9% increase in the number of ailing projects and a 95% rise among affected buyers within the two years.

A “sick housing project” is defined by the Housing and Local Government Ministry (KPKT)’s portal as one that has been delayed by more than 30% compared to its scheduled progress or one whose sale and purchase agreement (SPA) has lapsed.

https://www.edgeprop.my/content/1902793/ris...ds-housing-woes

https://www.theedgemarkets.com/article/stat...pfs-t20-members

malehsians are poorer than most expected.