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Multiple Signs of Malaysia Property Bubble V20
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JustForCheonging
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 Aug 17 2017, 12:15 PM
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Getting Started
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Regardless of how you guys envision sudden crash or totally free fall of property price, i just wanna say, materials price have gone up again, things will eventually getting more and more expensive and we are no longer can construct same unit for same price like we used to back to 5-10years ago. So, keep waiting, and we will see how DDD for the entire market, time will tell.
By the way labor cost have gone up quite substantial, thanks to unflavorable exchange rate. That eats up quite lots for project cost too.
This post has been edited by JustForCheonging: Aug 17 2017, 12:16 PM
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JustForCheonging
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Oct 29 2017, 11:38 AM
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Getting Started
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I gotta reinstate that, the cost of construction has gone up substantially. No matter how u guys instilled fear on sudden crash of price of properties, its still growing as days go by. Yes demands have weaken due to poor sentiment. Still prime area with good pricing will still snatch out in no time.
We will see. Dun jump into conclusion too fast yet.
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JustForCheonging
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Oct 29 2017, 11:57 AM
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Getting Started
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QUOTE(icemanfx @ Oct 29 2017, 11:54 AM) Meanwhile, FD Iskandar also noted that end-financing issues and unreleased bumiputera quota units have also kept units high, at above 70% since 1H2016. Seventy-two per cent of respondents said they have properties that remain unsold after completion over the last three years, with 46 respondents revealing that they are holding over 30% of the unsold units. https://www.edgeprop.my/content/1202698/mor...ir-downpaymentsConstruction cost may have gone up but at current selling price, developer could still afford to absorb incremental cost. given amount of over supply and number of developers' unsold units, developer is unlikely to rise price. Call it a buyer's market. But to call it market crash or disastrous is an overstatement. |
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JustForCheonging
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Apr 6 2021, 05:43 PM
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Getting Started
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QUOTE(icemanfx @ Apr 6 2021, 12:48 PM) It is peers pressure and unnecessary to buy before 30. Buying subsale and staying in older poorperly is widely acceptable in developed countries e.g Europe. After all these years of advocating property bubbles or crash, what exactly you wanna tell us? Whats your intention here? |
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JustForCheonging
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Nov 17 2021, 07:12 AM
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Getting Started
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QUOTE(icemanfx @ Nov 17 2021, 04:42 AM) On the contrary the price of property is increasing steadily since the rise of building materials items. I think the reverse downturn is happening now. Even though I do not have any substantial data to support it but the auction units are selling out fast. Nothing's going down forever. I know you have been very bearish on properties but time will come when the cost of materials and labour will inflate and definitely direct impact to the property price. |
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JustForCheonging
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Sep 7 2024, 12:02 AM
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Getting Started
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Not gonna lie, got waterfish in the pool. Happy to grab 1 thru this wave.
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