Why now kenot?

https://napic2.jpph.gov.my/storage/app/medi...20Q3%202024.xls

https://napic2.jpph.gov.my/storage/app/medi...20Q3%202024.xls

According MoE, there are about 7.9 millions household in the country. Napic recorded about 6.3m residential property and 480k soho and serviced apartment in the country. Napic data exclude houses in rural and small towns.

https://napic2.jpph.gov.my/storage/app/medi...20Q3%202024.pdf

Among overhang service apartment; about 89% or 18,000 units were in the market for over 5 years. among overhang residential; about 54% or 11,000 units were in the market for over 5 years.

This post has been edited by icemanfx: Feb 15 2025, 10:14 PM

Bbb or ddd

maybe started from the subprime crisis during 2007-2008

Good awareness ah this thread.

Still many stupid uncle auntie wants own children own many properties. Can show off during CNY...

I am still waiting for property market burst like china yawn yawn

A friend double storey in usj 2; was valued at 1.1m in 2022 and now 800k in the market for 11 months is still not sold.

The government has identified 91 housing sites in Kuala Lumpur that are ripe to be redeveloped for either public or private housing.

De facto Federal Territories Minister Dr Zaliha Mustafa said if redeveloped, the original owners will be granted new units, while bumiputera quotas are also in place for new units.

https://m.malaysiakini.com/news/736843

More development, more new supply.

buy car better.

property cannot drive.
show off also, max can show off 1 house at a time to family.
cannot have whole family drive 5 ferrari to neighbour hosue to show off....
owai

91 sites in FT and not Selongor combined. Fuiyoh tok-kong

I believe those 5-sty walkup flats included

This post has been edited by jojolicia: Mar 10 2025, 05:01 PM

paloma metropark batu tiga

studio 609 sqft SNP price was selling from RM650K, now many kena lelong under rm400K



latest one lelong 2 rooms 2 bath 916 sqft @ RM 427K , dunno what's the outcome



the courtyard villa is selling around rm1.9M now, SNP price was from RM2.71M




This post has been edited by JimbeamofNRT: Mar 17 2025, 04:18 PM

Or go YOLO hang flower lah hahaahha...

KUALA LUMPUR (March 17): The Housing and Local Government Ministry is targeting to generate RM180 billion property sales across all sectors this year, said its minister Nga Kor Ming.

He said the ministry is also working closely with the Real Estate and Housing Developers' Association (Rehda) Malaysia to organise the inaugural Asean Real Estate Conference (AREC) 2025, scheduled for July 23-26 this year.

“The event will be held alongside the Architecture, Interior Design & Building Exhibition (ARCHIDEX) and will involve Asean countries. At the same time, we will also invite China to participate,” he said in a press conference in conjunction with a three-day Asia Real Estate Leaders (AREL) study tour to Melbourne, Australia recently.


He said more than 50,000 visitors are expected with sales of about RM1.2 billion.

AREL brings together more than 180 key stakeholders from Australia and Malaysia’s housing and real estate sectors. Rehda Institute and Monash University organised the event.

The study trip provides an opportunity for Malaysian developers to engage with leading Australian experts in mixed-use developments, retirement villages, sustainable development, social housing, and urban townships.

Nga highlighted that Malaysia has achieved the highest volume and value of property transactions over the past decade in 2024. Total property transactions rose 18% to RM223.2 billion versus RM196.8 billion a year ago.

Meanwhile, earlier in his keynote address, Nga said Malaysia’s population is ageing rapidly with those 60 years and above projected to rise to 14.5% in 2040 from 8.3% in 2020.

“One in every 10 will require housing solutions specifically designed to meet senior citizen needs. However, the reality is that only 2.1% of Malaysia’s total housing stock is designated for senior living.

Nga said this calls for the urgent need for Malaysia to develop specific solutions to address elderly needs. He said Malaysia is keen to explore senior living developments as an emerging segment within the domestic housing market.

Meanwhile, Nga said his ministry has allocated RM30,000 to Rehda Institute to help with research assignments.

https://theedgemalaysia.com/node/748203



The Real Estate and Housing Developers’ Association Malaysia (Rehda) has reported a 45% drop in property sales in the second half of last year (H2 2024).

Rehda president Ho Hon Sang said the sales performance of 177 respondents in the association’s Property Industry Survey H2 2024 declined from 6,907 units in H1 2024 to 3,802 units in H2 2024.

He told a media briefing at Rehda’s headquarters here today that apartments and condominiums proved to be the most sold properties within the period under review, followed by serviced residences and two/three storey terraces.

“We believe the lower numbers reported is due to member developers completing their launches in early 2024, and we expect to see an increase in the next survey,” he said.

Ho said the top three types of unsold completed units were serviced residences (55%), single-storey terraces (16%), and condominiums (8%), with the main reasons being end-financing loan rejections and low demand or interest.

The said the survey found that the ineligibility of buyers’ income, inadequate financial documentation and poor credit history were the main reasons that housing loan applications were rejected.

The survey also found that the majority of property developers reported an increase of between 3% and 6% in the overall cost of doing business in H2 2024.

Meanwhile, 56% of respondents faced construction challenges, including high material prices, supply shortages, and inconsistent supply, as well as labour issues like high wages, manpower shortages, and lengthy approval processes.

For 2025, Ho said survey respondents were more neutral about the property market in the first half of the year but showed increased optimism for the second half.

“This is because the government has introduced more initiatives to spur the economy, like the Johor-Singapore Special Economic Zone,” he said.

https://www.freemalaysiatoday.com/category/...024-says-rehda/

2025 target is lower than 2024.

This post has been edited by icemanfx: Mar 21 2025, 06:25 PM

launch prices could include some discount and offer…plus free maintenance xxxyears… but as usual by the time it’s auction, with accrued debts, buyer will definitely be in problem

Surprise to see landed value dropped....

over supply it is. go to setia alam, look at how many tall apartments/condo they build. fail town planning is one thing, later sure alot of socio-eco problems.

Leverage to the max .....But I know a few couples also leverage gao gao...each one take up loan for 3 properties, so in total 6 properties..then ask me wanna join venture or not...