KL population so small ?

bila bubble pecah?

Started with high rise. Coming to you soon for landed.

in the last 10 years...
1) Land Cost increased 75%
2) Compliance Costs increased 72%
3) Labour Cost increased 40%
4) Building Materials and Construction Cost increased 36%
5) Finance Cost increased 12%
6) Taxes increased 11%

macam mana mau turun harga? 

ada bukti?

High rise is all over the place la. Just compare launch price vs subsale price. Go read in reddit see people share stories how want to sell also have to top up. Here in /k also same. Go follow lelong king see what is the price people buy at.

If you are unaware, you are either ignorant or pure lazy.

    I will wait for the burst then I believe only few post in /K or reddit can't justify anything.

My area seems doing well, only covid time price drop like 50k, now when I passed by, 70% already occupied.

https://www.thestar.com.my/metro/metro-news...-town-folk-hard

ANDREW Sin’s father-in-law bought a commercial property in Petaling Jaya Old Town in the mid-1960s.

The 20ft x 80ft shophouse on Jalan Othman has a 60-year lease, like many other buildings located in the city’s oldest township.

Sin is now facing sleepless nights trying to extend the lease on his property.

“Two years ago, I applied for an extension from the Petaling District and Land Office.

“Imagine my shock when told the premium was almost RM1mil.

“Where am I going to find that kind of money to pay the premium?

“I am just an old man trying to make ends meet.

“My medication bills alone consume a significant portion of what I make from renting out the property,” he said.

The exact amount Sin has to fork out to renew his lease is RM952,253.

According to him, his property is only worth RM1.5mil at current market price.

He said the premium fee of almost a million ringgit made his property practically worthless.

“Who would buy it now? And at my age, which bank is going to give me a loan?” he asked.

About 150 shophouse owners in PJ Old Town are facing a similar dilemma.

Many leases in the area are due to expire in the next few years, as the owners were only given 30- to 60-year terms.

Like Sin, these seniors are not willing to renovate or redevelop their properties as they feel it is just not worth it.

StarMetro recently reported that Selangor Mentri Besar Datuk Seri Amirudin Shari was exploring ways to make leasehold land extensions more affordable.

Amirudin acknowledged the difficulties faced by commercial property owners in extending leases, due to the high premium which is based on current market value, especially in areas like the older part of Petaling Jaya.

“The state is aware of the issue and is working on a formula.

“Any policy implemented will set a precedent, so we must proceed carefully,” he said in response to Dusun Tua assemblyman Datuk Johan Abd Aziz during the recent Selangor State Assembly sitting.

Amirudin also advised property owners to start the leasehold extension process early, as it could be time-consuming.

“Do not wait until the end of the period,” he added.

Shorter leases

Some property owners have sought an alternative solution; instead of renewing the lease for another 99 years, they applied to seek a reduced lease period of 60 years.

This resulted in the premium being cut and in Sin’s case, it went down from RM952,235 to RM567,349. But Sin said it was still unaffordable.

Another property owner was charged RM463,734 for a 60-year renewal.

Property owners interviewed by StarMetro said they were only given six months to pay up before the 60-year renewal offer lapsed.

“I simply cannot afford to pay within six months or even if they give me an extension,” said a shophouse owner who did not want to be identified.

Owners can apply to renew their leases anytime before it expires.

The extended lease would start from the year it was renewed and not when it was due to expire.

Across the road, Liew Seong Loong runs the 70-year-old Sang Hup Hardware & Sons that his father started in 1954.

“My family has been operating in this shop for seven decades.

“There are only three years left on our lease, and yes we are worried.

“Business has not been good for some time,” Liew said, lamenting that the popularity of online shopping and franchise stores had been eating into their profits

Continue https://www.thestar.com.my/metro/metro-news...-town-folk-hard

From 1M+.
Auction for the 16th time now.
Price drop more than 50%.

Anyone?

a smaller bubble already popped at high rise.

circa 2016 all kena gelong buy future value. 20 years future value lols.

gila buy 600k condo when u can get landed house at the same price.

10 years, condo management also kiokkkk when people stop paying maintenance fees

I just asked an agent on a condo in Central city

She goes recommend me somewhere near sungai buloh

The quality of our agents... 🤬🤬🤬

Dah 8 taahun punya tered masih dok bubble lagi kaa?

Kena blue ball bubble eh?

a smaller bubble already popped at high rise.

circa 2016 all kena gelong buy future value. 20 years future value lols.

gila buy 600k condo when u can get landed house at the same price.

10 years, condo management also kiokkkk when people stop paying maintenance fees