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Hmmm..

problem with high rise is when the maintenance fee reaching til rm 600 its not worth anymore. only rich ppl can afford that. and usually these ppl already have property somewhere else

Translated version:

http://www.988.com.my/market/73611-2/



House price increase 5.3% if compare to last year which increase less than 1%

Market not good, now even good reputation developer starts to owe money to the property agent company


Rm500k below house still got little demand but rm500k house sales not moving, bungalow even worse, no sales record made since early of year till now.


Property market gets stagnant till the developers find the property agency to help and sell off the houses

Those houses project comes with GRR also being called off

Lots of developers give better offers to attract buyers to buy house when the houses are about to ready, this wont happen normally


As agent, before this we focus on subsale, now many cant pay for downpayment, so they would opt for new project


Buy new house can save lots of money


Many companies go bankrupt, some houses just get key also kena lelong


The DIBS project buyers normally are investors, not buying for own stay, may cause resale


Now developers and house owners berebut the market so the house couldnt sell off


I just done one sale, buyer bought the house at 480k and now tahan sakit sell off at rm380k. Rental also not so good market. Price drop from rm1900 to rm1300, now got lots of empty houses couldnt rent out

Before this market is very good, so the house owner berlagak


Now things change, bank needs to evaluate the house higher value then only ppl will buy


Now is the time for buyers take granted


The worst time hasnt come, later developers because want to survive, will give up even better offer to attract more buyers. The earlier buyers would pay hugher


After two to three years when the projects are ready, the resale of houses will get even worse


Rate of empty house is high
House owners are trapped in the war of fighting the price


Sales of property drop but property rental remains the same, just tat the rental price drops a lot esp in big city like KLCC, at its peak, 10k per month and now drop to rm6k, while some studios tat could rent at rm2k-3k now drop to less than rm2k. However rental price in outskirts area like cheras, sungai long drops lesser.


some investors don’t consider properly and thoroughly while buying the houses, they tot when the houses are ready then can rent out, and get 6% of profit, who knows the 6% of profits is not fixed profit as the houses are not guaranteed will get rent out


Try to thk and see, when a project is ready, there are thousand units, if 70% of it are investors, which mean there are 700 units waiting to rent out or for sales, this is really scary. This will lead to the war of fighting price, at tat point will see who has the holding power


He advises investors to calculate carefully before investing, or else it is very hard to earn money. Let say, u buy a unit at rm200k then do bank loan for 30years, every month pay for rm1000. First 5years installment, out of 85% are paying for the interest, not much pay for the principle, 6th year sell off at rm250k, u tot u earn rm50k? Deduct with the installment, legal fee, this fre thst fee, not every month got rental, house owners not earn but loss, the one earning is the bank, they earn for berapa puluh ribu

Many units kena lelong and it is very serious. I cant enclose the name but it is 100% fact. Developers sell at lowest peice, at ampang area, near a big east shopping mall, studio price is rm500k but not subsale price drops to rm400k. It was ready two years ago but the owners cant rent out so have to pay the interest, so they try to sell off hardly, whole project got 1600 units


Many lelong units now, price drops till rm400k also cant sell off. Not only ampang area but other area also same like bukit jalil


However some areas have good syarat just like blue chip share, everyone like it, even tho market not so good but the house price and rental price remain stable


Mont kiara doesn’t get affected by the poor market. This area got three popular international school, it is liked and prefered by local and foreigners, thu mont kiara rental is stable, unlike other area fluctuate largely

Many ppl tot that out of 10 units in mont kiara, 7 units are investors buy to rent but in fact it is not, 70% owner buy for own stay (mainly malaysia) while 30% for rent.

Mont kiara advantage is every project got its special, package is different, area size varies and age of property differs.


If u want to find studio, u have a wide range of choices from new house, area and design in which u cant get it in other area


Like KLCC, name is good but rental is so so only, all units not much different, look the same, many are small units. Dont assume that mont kiara is very expensive, u can still find rm400k units here, just that the building age is 20years.


Need to wait at least 10years for MRT to bring up the house price


Area near MRT are nearly sold out


Even tho property around MRT (pam) are very expensive, but keep money in bank will not increase its value. In other way, loss temporarily is okay, even if the price of pam cant rise shortly, but at least it can keep and remain the value, it is a not bad investment if you can rent out. In fact, pam is easier to rent out


He analyses, if pay bank rm2k, the rental is rm1.5k, if kena bayar extra rm500 is ok as money keep in bank lagi tidak bernilai. Thus, even pam is expensive but ppl still buy, if can rent out, it is an insurance for investors, as even poor market but pam still got demand.


However, another evaluator got different view because she thk tat developers ald calculate the benefits of pam in it, which mean buyers buy the house now at the future price


From investing angle, buy the house now at future price, the room of increments is slow. But if use the house at current price, it will follow market to increase


In fact, many units around mrt1 not only no incrase but drop


She thks mrt would definitely affect the house price but not in short term. Malaysia transportation system grows slowly, even now lrt and mrt are ready but the network and link are not complete and convenient yet, it just benefits the residents along the link

If want to wait till the system is complete and convenient, need to wait at least 10 years.


Take overseas as an example, to make the system complete and convenient, it takes around 20-30years at least. So if financial support tergendala,it would definitely affect to have a complete transportation network


She said lrt3 construction ald over the budget, to complete the project is a question


It is a negative cycle, if the transportation system is not complete, residents would not use it, adding up the maintenance fee which is not low, it would be burden for the gov


Now the market ald is ald at its lowest point, it needs two to three years to rebound. Expected 2018 economy will gets better because of the investment of China-TPPA etc

If TPPA is running as planned, malaysia vietnam and thailand will be the countries which get the most benefits bcz our labour cost is low and malaysia can speak English. But donald trump cancel the TPPA, so it hurts malaysia a lot

Foreign investment in malaysia will bring up the economy if depends on malaysia alone, the recovery would be slow

More than 50% residential overhang. wow, so many unsold units. u all think developers dare to launch newer phase with lower price. tsk tsk tsk

trap ledy

Residential overhang growth almost doubles in 1H17

PETALING JAYA (Oct 27): The residential overhang rose by 55.4% to 20,876 units valued at RM12.3 billion in the first half of 2017 (1H17), up from 13,438 units worth RM7.6 billion in 1H2016, according to the “Economic Report 2017/2018”.

Notably, the overhang in 1H16 only rose by 28.3% in 1H2016 from a year ago.

Kedah had the highest overhang at 20.9%, followed by Johor at 18.2% and Selangor at 17.6%.

“However, the property market is expected to adjust accordingly in the long-run given the robust economic prospects,” it said.

https://www.edgeprop.my/content/1218657/res...-doubles-1h2017

This post has been edited by kurtkob78: Oct 29 2017, 02:35 PM

Already at lowest point? Have we reached the bottom yet?

This thread oredi V20, has the bubble burst yet?

Property is illiquid, price takes years to bottom.

Depending on your definition of bubble burst..this oug is asking 345k when developer prices are much higher I think..

https://m.mudah.my/view?q=&ca=9_1_s&sa=&cg=...&ad_id=59564323

Burst implies something big.

Few urgent / desperate seller doesn't count as burst...

We've been reading so called experts predicting the burst for years now, but still national property prices ain't going down as much as those "experts" predicted... Developers still rolling out new stock like nobody's business....

New budget says no more stamp duty is correct? Tat means more property transactions...goreng

The term 'bubble burst' is colloquial. It happens only on very liquid stuffs like bitcoin, stocks, gold, possibly forex, etc that people transact over the counter so easily conveniently. I can buy and sell 10 times per day. But can u buy and sell prop 10 times a day?

Having that said, if one sees a large sell volume on stock, majority will follow and that's a crash esp on economy decline. Owners sell off immediately to cut loss. Cant do it immediately for prop, the moving-average is just too.... conservative.

Generally, whatever goes through a bubble trending cycle will follow through a S shaped curve, follow by a decline. But zoom long out a longer time frame chart, it still could be in uptrend, we dunno

Few urgent/desperate seller may not count as burst but enough of them may revise valuation down.

Those developers bought land with borrowing, most will have no choice but to proceed with development else their cost keep incurring.

According to Property Market Report First Half 2017

http://napic.jpph.gov.my/portal/web/guest/...blishingId=5037

In selangor, there are more unsold units than new launch in 1H2017 and only about 1/4 of new launch is sold for the same period.

KV property market has been on down trend for 10 consecutive quarters.

Super cheap catch. Anyway this is lelong property.

when i 1st join my co in 2014 i join this forum as active member too....same members been telling me property bursting next year. in 2016 he revise "property takes years to bottom out" coz his crystal ball running out of juice.

now is nov 2017 yet i cant buy my target house which is priced at 270k at 2014 (now is 330k).

The 22% compounded rise is exceptional at current market sentiment.

Historically, house price rise at about inflation rate in the long term. The key to afford to buy a house is to increase one's income faster and higher than inflation rate.

https://www.edgeprop.my/content/1223182/kl%...emains-positive

It seems self financing by rental myth is busted.

Stamp duty tax is freaking crazy. No wonder prop trsc in subsale slows down.

With the abolishment, homebuyers can consider buying cheaper older subsale than crazy new launch price.

There will be more and better choice for ptoential owner

Wow! A non bumi lot for 420k

https://m.mudah.my/view?q=&ca=9_1_s&sa=&cg=...&ad_id=60400320

Seri Maya below market!

https://m.mudah.my/view?q=&ca=9_1_s&sa=&cg=...&ad_id=57926697