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 Multiple Signs of Malaysia Property Bubble V20

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Cavatzu
post Jan 18 2022, 11:23 AM

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QUOTE(prophetjul @ Jan 18 2022, 10:27 AM)
WoW...i used to rent a KLCC property at 1060 sq feet for RM5,300 back in 2015/16 !  shocking.gif
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I’m not saying all KLCC property are the same. There was a lot of leverage here to bargain since this property is facing the kampung baru mrt and u can complain about noise etc. Ultimately, the rent is just used to pay for management fees which for these types of units are like 50c psf or more.

After 2 years of vacancy, most owners will just hire the bullet and take what they can get. It’s truly a buyer’s/tenant’s market.

 

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