Interesting thread... What bubble?
I see people buying the fxxxwoodz at RM 900+ psf 🤣
Is like pricing for year 2050

Eventually all prices will increase with less land, higher water level, but the question how much farther future pricing are you willing to pay right now. The year 2050? 2100?

Another mouth watering lelong unit from here.
KL Freehold.
1010sqft.

Reserve price at 307,800 only.
More than 50% off the S&P price of 646,200
Refer: https://www.summerfield.com.my/wp-content/u...-05-05-2017.pdf

Another mouth watering lelong unit from here.
KL Freehold.
1010sqft.

Reserve price at 307,800 only.
More than 50% off the S&P price of 646,200
Refer: https://www.summerfield.com.my/wp-content/u...-05-05-2017.pdf

Unit sold at reserve price 307,800.
Single bidder won unchallenged.

What a great catch. Not sure why no other buyer interested at this pricing.

Another lelong unit, several rounds already. A-17-01

1572sqft (biggest unit in elements) now RM591k. I'm guessing it will go down even further.

Such a far cry from 1 million ringgit price tag when it was launched.

https://www.propertyguru.com.my/property-li...ie-low-38317731

A lot of housing price is dropping now.
and population in Malaysia is not increasing as much as last time.
Aging population is increasing also.
I wonder if residential property's price will go up in long term as the supply will surpass demand in long term.

Malaysia population growth rate could be referred from link below.
https://www.dosm.gov.my/portal-main/release...s-malaysia-2022

Unit sold at reserve price 307,800.
Single bidder won unchallenged.

What a great catch. Not sure why no other buyer interested at this pricing.

Cemetery maybe?

The last property boom post 2010~2012, a lot of business entities joined the band wagon & become superstar developers overnight. All these "part time" developers need to exit the market. That is the sign market is looking for. When that sign appear, you know the property sector almost bottoming.

Another one will be macro policy making. Unless the government release the tap to allow foreign to buy / own < 1mil property , Malaysia will not see the property sector boom.

The 1st time house buyer got so many choices, the market have filtered out that targeted group with WIP / Selangorku. When they can buy WIP/ Selangorku, who else wanna buy the unit you bought?

after buying properties from auction twice, I don't think I will ever buy from developer again.

to me the most accurate data comes from auction, that's the real "market" price, others are just inflated or bs from dev/agents.

Yup I don't think a property bubble will happen especially in prime areas ie KL and Klang Valley with the Freehold Title

Plus many foreigners invest in Malaysia to stay for retirement years

u must listen to /Kxpert la, is V20 d and still going strong.

i bought an apartment in puchong at 100k during V1, market value is 350k now V20.

Still possible if policy maker decided to open up the tap. Our properties still the cheapest within the S.E.A region. Until that happen, I don't see any turning around soon.

u must listen to /Kxpert la, is V20 d and still going strong.

i bought an apartment in puchong at 100k during V1, market value is 350k now V20.

Most foreign poorperly investors are underwater.

Another lelong unit sold yesterday.
Size 1001 sqft, sold at reserve price 495K.
Single bidder won unchallenged.

Seems like a very good catch as smaller size unit sold at above 500K++ before this.
Wow.

Lelong record at The Pano:

1. A-18-07, 829sqft, sold at 534K.
2. A-09-07, 829sqft, sold at 530K.
3. A-16-01, 807sqft, sold at 510K.
4. B-07-09, 829sqft, unit call off, owner managed to save the unit.
5. B-11-09, 807sqft, sold at 524K.
6. A-10-06, 692sqft, sold at 384K.
7. B-10-06, 979sqft, reserve price 518,400, unknown sold price.
8. B-06-03, 1001sqft, sold at 495K.
Still active unit:

1. A-18-02, 688sqft, reserve price 364,500. Auction later today.
2. A-17-01, 807sqft, no bidder at 516K.
3. B-18-10, 807sqft, reserve price 585K.
4. A-13A-3A, 1001sqft, reserve price 870K.
5. B-25-09, 1388sqft, reserve price 1.04M.