one thing stays the same, the same group of ppl in the last 11 years and more to go.. they always use figures which doesn't make sense. don't compare base on your own narrative, it's literally plucking figures out from thin air.. some says ass.

1. fd ever give you 5%? which investment instrument give you 5% gurantee for god damn 30 years!. don't tell me kwsp i have 5000+ going into it monthly. i don't want all my money in the same basket.

2. you want to use a property as comparison can do abit homework? what shit investment rm550k fully furnished and getting only rm1.6k back. now let me give you a realistic one with the damn condo name.

serin residence 144sft, 550k fully furnished unit rental rm2.2k - 2.5k. i have few.. not one of two but few colleagues renting there.

verdi 990sft, 420k basic Ikea furnishing my contract staff is renting for rm2k! i have more to share but all these are in Cyberjaya.. they are not even in hotspots like bukit jalil, kl or pj.

add in one more.. kota warisan bought at rm550k landed, empty unit! rental rm1.6k.

of course if you have a prop bought in 2018 like me you would have make a lost but that's the same with all kind of investment. the same property i had while I'm debating with this numb skull iceman in 2012 it's still generating me surplus income in the last 11 years. prop name puri aiyu condo.

3. you dare give a span of 30 years to compare. my god property has a good track record they don't lie.
40 years - PJ - property once sold for rm120k is now rm900k.. maybe rm850k
30 years - subang - property once sold for rm200k is now approx 700k
20 years - puchong - those sold at 300k+ is now all > rm500k

i dont want to mention other places like bukit jalil, setia alam, kota kemuning but you get the idea..

anyway they're also bad property investment. one very good example is those who bought rm720k - 780k for Savannah in bukit jalil. someone brought it up here.. those are the properties which i call bad investment cause during that period, that time of the year  the place isn't really a hotspot and selling at those kind of prices and still ppl buy em. well they just gotta hold longer period of time.

i so happen have a colleague who owns a unit there. we told him to hold and get others but somehow he kind the place so he gave to bite the bullets and continue on with his dream home idea.

Malaysia's average house prices are more than 4 times the median income of its population, making them "seriously unaffordable", research by Khazanah Research Institute (KRI) has revealed.

Kuala Lumpur has especially been branded as "severely unaffordable" with house prices 5.4 times higher than the median income in the capital city. The maximum median range for housing prices compared to median income should not be more than 3 times the median income.

But only one state in Malaysia fits the maximum median range: Malacca, where housing prices are 3 times higher than the median range.

The rest are rated between "moderately" and "severely" unaffordable.

Terengganu is the most severely unaffordable of all the states, with median multiple affordability standing at 5.5.

In Kuala Lumpur, the median house price is now RM490,000 per unit, almost double the median house price ranges in all other states.

Penang was also rated as severely unaffordable while Selangor, Malaysia's wealthiest state, has a median house price of RM300,000, putting it at the moderately unaffordable level.

CORRECT INCOME AND HOUSE PRICE ACCORDING TO KRI:
Household income RM5,000/month = RM180,000
RM8,000/month = RM288,000
RM10,000/month = RM360,000
RM15,000/month = RM540,000
RM20,000/month = RM720,000


Reference: http://www.themalaysianinsider.com/malaysi...azanah-research

but KL youngster nowadays earning RM$4000/month but buying RM$600K property. Education failure or IQ too low?

Hey is the HOC campaign still ongoing? Or ended. The recent budget 2023 dont have HOC

Fairly typical for most in crypto, glove share, poorperly, etc.

KUALA LUMPUR: Affordability issues continue to be a concern among homebuyers as the disparity between income and house prices widen.

According to the PropertyGuru Malaysia Consumer Sentiment Study for the first half of 2023, almost half of the 1,000 respondents polled or 47 per cent had a budget of less than RM350,000 for buying properties.

The study found that half of the Malaysian consumers consider themselves unable to buy a house without government assistance, with nearly three in four respondents called for more government support to address the rising inflation.

PropertyGuru.com.my and iProperty.com.my country manager Sheldon Fernandez said the continued financial challenges that consumers faced as seen in the study further highlighted the importance of government financial assistance for Malaysians' journeys toward homeownership.

"Although the recent increase in minimum wage was a welcome relief, the rising inflation also brought higher daily household expenses, leaving Malaysians with lesser monthly savings and a need to minimise additional expenditures," he said.

Among calls for government-led financial support, the study revealed that two in five Malaysians continued to not have a clear understanding of the eligibility terms for affordable housing.

It also revealed that this was more prevalent among low-income earners and those within the age range of 20 to 29.

On the other hand, the study also found that over half (58 per cent) of Malaysian consumers with the intention to purchase a property have achieved the halfway point of their savings target, driven mostly by millennials between the ages of 22 to 41 and mid-income earners.

"What we are seeing in the market lately is that potential homebuyers do have the intention to buy, though that intention is hampered by affordability issues that are expected to linger until the overall cost of living has stabilised.

"With this, we expect consumers to continue prioritising renting over purchasing property in the upcoming year," said Fernandez.

Following the Batang Kali landslide tragedy in December last year, climate change continued to be a significant concern for 98 per cent of Malaysian respondents, especially among respondents aged 50 and above.

Meanwhile, the study saw that 52 per cent of consumers were willing to pay a higher insurance premium for protection against climate change effects on their property.

Considering the recent surge in weather-related disasters, 70 per cent of Malaysians expressed dissatisfaction with national efforts to mitigate the effects of climate change in the country.

"With the recent tragedy of floods across the country that has affected families nationwide, Malaysians are especially concerned about the topic of natural disasters.

"Measures to reflect the changing needs of consumers due to external factors from climate change and the ongoing economic recession need to be taken to enable consumers to achieve their homeownership goals," said Fernandez.

He added that such initiative that the company supported was the continued stamp duty exemption, as announced under 2023 Budget, which aimed to assist first-time homebuyers to get onto the property ladder.

"We believe that this, along with the Government's Syarikat Jaminan Kredit Perumahan home loan scheme to assist borrowers with unstable incomes, will provide crucial support for Malaysians struggling to maintain a good quality of life.

"This is particularly so for young Malaysians who are just beginning their property journeys, and we look forward to being part of the journey in achieving their homeownership dreams," he said.

The study's respondents comprised a mix of white-collar professionals, blue-collar workers and businessmen, with respondents in the mid to high-income segment (65 per cent) and low-income (35 per cent).

Hi all,

Asking for family member.
Currently they have try to ask around for buyer, no buyer interest.
There's multiple unit on bank lelong and also many units sells below market price.

This just example
The leasehold property initial price is 1 mil. Loan at 900k
Bank lelong around the area unfurnish 800k, online property price tag around 800-850k.

Urgently need to dispose this property. Due to not able to coop with it.

Few question,

1) if the property sell at loss, how does the offset amount been paid? The bank will still give another loan for that offset?
2) it's RPGT still in effect if sell at a loss?

Appreciate the answer

Rumahwip lelong unit sold just now.
Launching price 300K.

Today sold at 258K only.
Developer agreed to do direct transfer to the new buyer for this unit.
Definitely a good catch!

Unit sold at reserve price just now.
Single bidder won unchallenged at 389k.

This is crazy.
Lelong unit available at below 300K finally.

No bidder at 316K for this unit.
Size 1012sqft.
Come with 2 car parks.

Next month will be at 285K only.
Plus double transfer. Still very worth it.

More than 50% off S&P price now.

8th round reauction.
Drop from 800K.

Either the price is high or location is bad, property investors who attend lelongs are very good in valuations

8th round reauction.
Drop from 800K.