With current inflation, maintaining a property is becoming a burden. Ownstay or rented out units need maintenance. Selling it could sometimes only breakeven or even occur losses for properties purchased mid 2015 onwards
For properties purchased mid 2015 onwards -

Is it better to hold and collect rent vs sell at breakeven price and have a more stress free life? If hold for another 10 years and price remained stagnant, it would actually be bad investment/ losses.
Historical price analysis

Condo 2002- Rm 169K 2007 sold rm365K

Condo 2005 - Rm 200k 2010 sold rm400k

House 2009-Rm 575K.   2015 sold Rm1M ( reno 80K)

House 2010 Rm 410K. 2017 sold Rm680K (reno 70k)

Condo 2017 Rm 660k.  2024 sold Rm700K (negative gains/ reno 60k)
I am sure many of us/ some of us know and have gone through the above property scenario.
For investment units/ ownstay purchased 2015 onwards,  i will be 10 years next year, yet the price have not appreciated or only gone up a bit making it a bad choice of investment..
Eg Eco botanic
2016/17 Rm 1Mil.   Now rm1.1-1.2m - losses

Ideal condos bayan lepas
2013 launch rm475k. now rm515k - losses
Setia houses
subsale 2017 rm 1.1mil.   now rm 1.1mil

Hope others can input some data here too....

The property 'inflation' was basically driven by ease of credit during Bijan's time, where most of the property buyers, flippers and drivers are mostly from the Chinese community.... even prices of subsales shot up from 10-30% yearly. If you see prices today and 7 years ago do not hold much difference, it easily understood that 7 years ago the property prices were priced to much advanced years.

The only denominator of how long more the property is going to stay stagnant depends on how fast salary grows or how easy money can be obtained - which is not the case in Malaysia.

But who knows, maybe TarzanX can create another round bullrun with fake middle east investments like Bijan used China before people starts complaining that property prices need two term loan as being push by most developers and housing board. Its just a matter of time only wat.

you didnt see this coming?

back in 2012-2020 era my friends were buying multiple properties and they were in their own mindbubble. in their mind, buying property is a no brainer because property price will always go up! i held back because i saw it was a bubble. but then again, a lot of them made big gains and lost only a little bit so i think i rugi in that sense. but i invested elsewhere which is giving me more profit than my property flipper friends. the real people who rugi are those that never invest anywhere.

I have more friends with negative equity on their property than those who untung.

luckily i sell before it become stagnant, agent still sms me and the price still same as 8 years ago i sold my unit...

my property already stagnant for 10 years. probably will remain so. selling it is a lost because of how much loan interest that I have paid.

The Annual Property Market Report 2022 published by National Property Information Centre (NAPIC) reveals concerning figures of over 27,000 overhang2 units recorded in 2022.
Additionally, MyCensus 2020 reported 1.8 million vacant3 living quarters in 2020. The mismatch between housing demand and supply, coupled with the overrepresentation of high-priced units among unsold properties, raises concerns about whether the housing market can meet the needs of the local population.

3 According to DOS, living quarters are classified as vacant if they are not usually occupied and not used as usual place
of residence on Census Day. Source: DOS (2022)



https://www.krinstitute.org/Views-@-Curbing...n_Malaysia.aspx

It seems over supply is much larger than many realize. poorperly price will likely remain stagnant for many years to merge with long term price trend.

- bought house not too long ago, bought because wanted to live in and not for investment
- nice place, really liked living there
- non-prime location in N9, so low rent
- suddenly got to work overseas, currently already out of malaysia

- if want to sell now, market value lower than outstanding loan amount, need to fork out money to cover. Outstanding RM640k, market value maybe RM600k
- if rent, it won't cover the mortgage repayment amount - repayment is RM2,800, rent around that area maybe RM1,300 at best, because not prime location

pros of sell:
- no more mortgage
- free extra RM2.8k per month to enjoice, which is RM33.6k per year

cons of sell:
- need to fork out RM40k+ to cover additional outstanding, possibly more
- no more own house

pros of rent out:
- still own a house, if overseas adventure fails, can return and live there again
- reduce mortgage payment a bit

cons of rent out:
- doesn't even cover half the mortgage payment
- wear and tear

should sell at loss or rent at loss?

other alternative is just leave the house empty and keep servicing debt, but that sounds stupid

Market Value = rm600k
Viable Selling Price = rm500k

Lemme tell ya something. I once work with quite  a few higher ups way older than me whose very experience  invest and flip many props.

I know 3 of them. Some of them from almost 10 props all quietly sold off almost all, and keep only 1 or 2 for own stay 1 for renting out/kids inheritance.

All tell me prop cant make money anymore. This was like cerita almost 5-6 years ago.

when V21 come out, still not burst yet

Now is right time to buy or not

Discuss for 10 years still haven't conclude man...kid also finishing primary soon lolz...

Who still single and YOLO here ?

You are in the state of oblivion.

Wahh..decade long thread.....Upppp

just close this thread la. irrelevant if it ain't bursting. next year, tnb up, petrol up, so many things already up but property bubble still not yet burst.

Long time no see. How are you keeping?

Very good, sold some with a bit profit
U bought anything?

Not really. The condo i bought 6years ago most of the owner sold and get atleast 30% appreciation.

It's all different product and scenario. Good and bad apples. Choose your product wisely.