Recently, it seems;

- On some vped units; bank valuation is at about 90% of developer SNP price.

- At some banks, NPL on residential property has jumped by double digits %.

If market sentiment doesn't improve, expect the above to persists.

KUALA LUMPUR: The year ends on yet another gloomy note for the Malaysian property market as both the residential and commercial segments saw an extension of the downward purchasing momentum from 2015.

Past President of the Malaysian Institute of Estate Agents (MIEA) Siva Shanker opined that the property market had reached the bottom of its cycle in 2016 after being in a slowdown mode since 2012.

“In 2013, we saw the number of transactions fall, but with the value still going up. In 2014, we saw a slight increase in value, but unfortunately, the improvement did not carry through to 2015.

“In my opinion, the property market will end the year on a weak note,� he told Bernama.

As property is a long-term investment, people who get caught in the cycle are the ones trying to be short-term investors or also labelled as “property-flippers�.

A key reason for the lower purchasing activity in the industry is the difficulty in obtaining housing loans from financial institutions.

As revealed by the National Property Information Centre (NAPIC) in its Property Market Report for the first half of 2016, the ratio of loan approvals against applications shrunk to a low 40%. It was also the lowest recorded in a six-year period.

Property buyers seemed to be burdened by the rising prices of residential and commercial buildings against the background of a weaker economy.

It was noted that the Malaysian House Price Index continued to improve moderately in the second quarter of 2016 at 235.4 points, up 5.3%.

The same goes for commercial buildings, whereby prices of shop lots continued to strengthen in areas with hype commercial activities and efficient connectivity, in ranging between RM1.2 million and RM2 million for a double-storey unit, depending on locality.

This situation has resulted in a huge property overhang for the year, especially in the residential segment. – Bernama

Omg!!! ..just found out my fren condo is up for an auction from browsing the auction site 😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱

So shocking!

BBB time cumming...

Rubbing hands in glee...

What was the auction price?
Location please.

570K for 1098sq ft. Interested?

But Penang properties only UUU.

Penangkia have strong holding power because all houses they owned were purchased below RM100K last time, now selling price RM1Million

You want to buy? dun want i hold coz i already finish paid the morgage.

1000% profits!

Location?

My friend house in GVH drop below developer price... bearbearwong  can u confirm this?

If u r a yield investor, see which one makes investment sense, new is nice but u may get 3% yield, old maybe u can get 7-8% then why worry?

I have not bought a new property in the last 7 years, but I have purchased 4 properties, all on auction and 30-40% under prevailing market rate. I like new properties but I am not emotional, I only buy when I can get minimum 7% yield. So put ur emotions aside and make a business decision.

Many think new properties will have tremendous capital gain, not always true except 1st buyer but tha too no one does a nett investment calculation after all the interest u have paid during construction if the capital gain is great or not.

It's always a calculated risk. My margin of loan is only 70% so 10% down isn't an issue. If I can be blunt, if u can't afford 10% of purchase price you should not be buying a property.  This is the bull shit developers now created by illegal discounts which by law is illegal but no enforcement. I saved like hell 16 years back to buy my first property, 2 years saving, no car, then BY luck I got a decent relocation bonus from company, then I dumped 10% into a house. Today young Turks want everything fast and easy.

Maintenance is almost always paid by bank for all outstanding. I have not seen cases where buyer pays.

Repairs - again no different then buying a sub sale.  Any property u buy u will spend money to dget it up to ur taste, even new one.

Vacant possession - can be an issue, keep 5k as contingency if u need to get court order.

A good auction agent is key, don't ever trust normal real estate agents who only do auction part time as they only want to rip u off some commission , i work only with full time auction agents like auction list or Lelong tips. They help me sort out allot of issues and th y do this day in and out.

Finally auction u can gain allot but it's also not something for people who are cash strapped. Example I may end up buying touts and syndicates out or give my agent some money to sort matters out, on average each auction cost me 5-8k of the addition cost but that gives me peace of mind.

Property is a life long, illiquid, hard commitments. Many young Malaysians in general dive into it without and exit plan or holding plan.

now the discount trend is
Preview 8%
Launch 8%+2%
after launched 3 months 8%+2%+lucky draw
after 6 months 8%+2%+lucky draw+cash rebate....

the best discount in 2016 is from subsale market

Omg!!! ..just found out my fren condo is up for an auction from browsing the auction site 😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱

So shocking!

I had the same shock a while ago, when I noticed a house on auction in my neighborhood. After checking it was very close to my own house. Then after a while I noticed they started removing everything they possibly could from the house.

How are the 'crooks' going to catch themselves? You already know who are the biggest 'crooks' in siphoning big sums of money out of the country.
buying domestic assets could never hedge against forex loss. Like mentioned, its just another better way of parking one's money other than saving it in the bank.

You are right on the High NPL rates. This I confirmed with my bankers. Not only NPL high on residential loans, car loans, personal loans and credit cards are also recording high NPLs.

Expect banks to tighten lending with rising npl. Those hoping for quick flip is in for the long haul.

Invest in u.s stocks a few years ago could be a better option than kV property even without considering depreciating rm.

Sure us market is doing good
Ayam more worry if us not doing good
Ayam may get lesser return but at much lower risk (currency risk?), less mistakes to be made (not all us stock make money) and less leveraged risk, long term wise property is a BBB UUU and easily outperform U.S. market. Nothing can stop it.
Keep waiting for the bubble.

Instead of individual stock, one could choose etf and brk.b.

On forex, rm already depreciated by over 30% in one year and likely to depreciates further.

Most bought property on leverage. Profit as well as losses is magnified by leverage.

Unless market sentiment changed, kV property is on downtrend. With oversupply and bank tightening residential loan, kV property is unlikely to uuu anytime soon.

House do not exposed to any of the risk.
And Ayam is getting guaranteed 10-15% income every year? Why do Ayam need to worry about the risk?

Every investment carry certain risks.

If kv property could guaranteed 10-15% income every year, funds manager like Blackrock and every obasans would have invested, developers need not spend millions of RM on advertisement.

Jew won't belip it
It is why Ayam become millionaire just from the income alone. Banker always call me for new house loan, ayam can keep leveraging Ayam income. It is why Ayam find no reason Ayam need to care about the risk Jew mentioned

Leverage magnified profit as well as losses.

To become a millionaire from 10 to 15% income, one need to start with multi-million.

icy, can teach me how to become millionaire ah.. i only have 2k in my bank... got chancy become millionaire ah?

You can try sport toto jackpot.

Leverage magnified profit as well as losses.

To become a millionaire from 10 to 15% income, one need to start with multi-million.

all this while trying, and still trying.. so asking for your expertise statistics and numbers expert for advise.. hope can hit straight in between the balls..

Is it very difficult to do it in u.s stock?
Ayam didn't know it is very difficult.
Bank keep giving Ayam new loan Ayam think it is very easy to do so in stock also.

http://publications.credit-suisse.com/task...20A1A254A3E24A5

For reasons, there are less than 3% of adults in the kangkong have over us$100k net worth.

To become a rm millionaire will takes more than just working smart, investing like a herd won't be one.

im tired of hearing buble buble bubble.

hello, i dont want listen you analyze statistics, chart, or numbers, because i dont understand..

If i know how to work smart i dont have to ask for your advise already..

By your expert on statistics, chart and numbers, i believe you can turn my RM2k become RM20mil easily... So please help me to become millionaire.. or even one of the 3% who have US$100k networth

Beside sport toto, you could buy a suit with rm2k to get a job at a investment bank or funds management in sg, hk or shanghai. If you know your stuffs and ways round, you could become the top 3% in 5 to 10 years.

Nowadays, doesnt require certificate ka? buy suit can get job already? I graduate in "Specialist in Property Management", SPM, can work in investment bank and funds management ka? If i apply for cleaner job maybe can lar.. work as cleaner in sg, hk or shanghai, can become top 3% in 5 to 10 years?

No other kang tau you can help me generate from RM2k to become RM20mil or even at least 3% of the US$100k networth?

If you are in property industry, you may has a chance to marry into developers family else accept to be a member of 97%.

We will see a dead cat bounce first before the real burst happen.

With a SPM cert on hand, and working as cleaner i can have chancy mary into developer family? very ambitious ah..

i'm now member of 97% so thats y i seek for your advise.. but look like you're one of the 97% also.. because you pusing pusing.. no solution for me at all..

dead cat bounce also applicable for property huh...

Should be applicable for most thing that involve money and human. One of the post in this thread shows the graph that has a dead cat bounce in it few pages back.

but for property it is not the same as stocks... location is important for property also...
good location area...i don't think there will be dead cat bounce...at most... the graph is upward trend and if there's slowdown...prices will be mostly flat before it picks up again...

let us continue to monitor....

Why no downward? R u uuu?

I believe in buying and holding long term for good location properties and then get rental income while holding long term.... is this consider uuu?

For properties in good location... i don't see the price DVD... i have been stressing on this keyword = location, but usually people like to generalize and say property downtrend now... AFAIK... prime or good location area the price hardly go down... probably stay flat in bad times only.... but over long term... it is up trend....

I believe in buying and holding long term for good location properties and then get rental income while holding long term.... is this consider uuu?

For properties in good location... i don't see the price DVD... i have been stressing on this keyword = location, but usually people like to generalize and say property downtrend now... AFAIK... prime or good location area the price hardly go down... probably stay flat in bad times only.... but over long term... it is up trend....

http://www.malaysiandigest.com/frontpage/2...ne-of-them.html

If the above is accurate or close, few have reserve at flexi account.

http://www.malaysiandigest.com/frontpage/2...ne-of-them.html

If the above is accurate or close, few have reserve at flexi account.

hear form developer, they already get the tenants.
they give free rental  one years to potential shop tenants which open at 3rd avenue.

it was 100% empty after more than a year
AT LAST 1 shop doing reno....🎉🎂


[=Donald Trump,Jan 13 2017, 10:50 PM]
Soli correction.....my pucat friend say this is not shop renovating....is actually TLG MS use to store their crap😌......my bad
so is still maintain 100% NOT OCCUPY for more than a year and counting

worked there for a year couple months back. more shops are closing down in the mall and the shoplots outside the mall as well. heard that my old working would be shifting as well lol


[=Quang1819,Jan 13 2017, 11:35 PM]
but most of them are known brands like Oldtown, Subway and a few more. Those that aren't well known all closed down

Icon city is said to be mv in the making.

Since when tms is a reliable dev???

It's quite a norm for buyers to b conned by tns. Nothin new I guess. It ll b headline if it's not a con job.

Now all eyes r on sg buluh.

yes, oversupply and weakening demand. my client has an outlet on ground floor at Midvalley Garden. tenancy expiring soon and managed to get a reduction in the rental.

http://www.malaysiandigest.com/frontpage/2...ne-of-them.html

If the above is accurate or close, few have reserve at flexi account.

Everything is based on generalisation la, property downward trend means that properties in most areas prices are falling just the same like stocks market la, it's a bear cycle when most stock prices go down. There will NEVER be a scenario where ALL properties or stocks go down, even in the worse kinda market some stocks will still perform well or maintain their prices, just like properties.

If follow your definition, then there is no such thing as a downward trend for anything la.

Even now, some prime locations like BB, DAMANSARA already got property prices dropping la, maybe not as significant as other sub prime areas but even prime properties are dropping, so still wanna say no downward trend? The only difference is that PRIME areas drop slower and lesser, but it's still a drop even if drop only by 5%, it's still a drop. Let's not deny that.

http://www.malaysiandigest.com/frontpage/2...ne-of-them.html

If the above is accurate or close, few have reserve at flexi account.

Double in 10 years is about 7% p.a compounded.

Why not compare with price in 1997?

From 2007 until now..it up by 100%. 5% drop tis year...still consider drop??

From 2007 until now..it up by 100%. 5% drop tis year...still consider drop??

I can compare even from 2011, 2012, 2013, 2014 and 2015. The tend is up but a little downward u guys were super happy till forgot how much u realli lost bcoz kept waiting...

Last year, it was reported that developers had not been able to sell 18,908 of the 81,894 units of residential and commercial properties launched in the first quarter of 2016. The unsold units were valued at RM9.4 billion.

http://www.freemalaysiatoday.com/category/...ays-consultant/

According to Savills Malaysia, Klang Valley will have more than 60 million sq ft of retail space in 2017. Average occupancy rate is expected to drop from 90% to around 85% with increasing competition, hesitant tenants and low retail sentiments.

Some malls, such as SS2 Mall and Bukit Bintang Plaza, have already closed their doors pending redevelopment, while many others, such as Jaya Shopping Center, Citta Mall, The Strand, and Sunway Nexis, are struggling to fill their space. Shuttered shops are an increasingly common sight at malls such as Amcorp Mall and Quill City Mall.

http://www.propertypricetag.com/properties/275441.html

At 85% occupancy rate, some malls are half empty.

Auctioned properties
http://www.auction2222.com/

Auctioned properties
http://www.auction2222.com/

M square Puchong havent open already auctioned.. wah....

how can this be. developer ask auctioneer to auction their units?

M square Puchong havent open already auctioned.. wah....

how can this be. developer ask auctioneer to auction their units?

Hi,

I bought a property 2 years ago (which is undercon, about 6 months to VP). But I found out that I'm not going to stay there since most of the time I spent in oversea. I wonder has anyone successfully sell the property back to developer? If does, how you convince the developer? I just want to know whether is it ok to do in Malaysia?

Thanks all sifu   

Thanks for the detailed reply....but as I mentioned, I checked with the sales person (by tell her that my friend is interested to buy  ) and she told me the price is the same + another 30K promo due to CNY    Feel like get cheated