Pigeon hole unit. KL address.
Owner bought at 450k via subsale market.



Now further price drop.
Details as below:

C-18-7, Type F, Hedgeford 10
Reserve price 🔥🔥RM 263,000‬🔥🔥
Freehold
562sqft, 1 car park slot
Corner/End lot unit
Auction: 30-Jan-2020 (Thu)
*Occupied unit (tenant staying)

Another 3 bedroom unit drop to below 300k.
You can get a 3 bedroom unit at studio pricing from the lelong market.

J-06-08, 6th Floor, Tower J, Mutiara Ville
Reserve price: 🔥🔥RM 263,000🔥🔥
Freehold
935 sqft (Type A), 2 car park slots
Auction : 19-Feb-2020 (Wed)
*Non bumi lot

Reducing the property prices is the only way to clear the overhang units in the country, urged CBRE | WTW managing director Foo Gee Jen.

https://www.edgeprop.my/content/1634222/red...-urged-cbre-wtw

Ayam math not Gooding. So the market price is 450k or 263k?

No bidder again at 263k. sweat.gif
Remember owner bought the unit at 450k

I have been a co-founder of IJM Corporation Bhd and a few other listed companies involved in property development, I have never seen so many unsold properties in my life. No one knows when this property glut problem can be resolved. Property prices will continue to drop for many more years to come. Now many property developers are already in liquidation or in bankruptcies because the banks are recalling back the loans. Moreover, the banks have increased the buyers’ down payment from 10% to 30 %. As a result, property developers cannot sell their products. 

https://klse.i3investor.com/blogs/koonyewyi...oon_Yew_Yin.jsp

Cyberjaya studio below 200k will attract interest from buyer.
Unless from those older project like Domain. That one maybe need below 150k.

Gone, now she is officially bankrupt. Although managed to drag until this year. with the amount of effort she put in.

Sleepless nights – that would best describe the mental state of Alex, a property investor, these past few months. He had been optimistic about three years ago when he bought several properties on the advice of a “property guru”. Property prices will go up, you can enjoy bulk discounts and benefit from the rebates now, he was told. He was assured of great options for short or long-term rent to cover the mortgage, plus a lot of cash in hand. 

The good days have come to an end and the promises have turned into a nightmare. With the current economic situation, what will it mean for Alex and his family if he is unable to service his mortgages when the six-month moratorium ends in September?

He is but one of many individuals going through such a situation.

https://www.theedgemarkets.com/article/cove...-under-pressure

Price goes up, value stays the same. In other words, you're overpaying, at some point, there will be a correction. Ie still speculation.

Other people's money how they want to spend it is up to them, when banks loan more, I buy more bank shares only

After all, managing my portfolio from my computer is much easier than dealing with tenants and agents and lawyers. 

Believe many poorperly flippers took excess cash from loan moratorium and bought gloves share, and many are below water.

Bank Negara Malaysia (BNM) warns that unsold properties in the country have remained at an elevated level as at end-2020. These are mainly the serviced apartments, small office home office (SOHO) units, and houses priced above RM500,000 in less popular locations.
....
BNM also observed that there were adjustments to incoming supply of office and retail space as some developers deferred the completion date of their projects. However, it said the planned incoming supply of office and retail space in the Klang Valley over at least the next three years remains large, equivalent to 23% and 58% of the existing stock, respectively.

https://www.theedgemarkets.com/article/numb...l-very-high-bnm

The government not aware or not willing to plug the “zero entry” sales tactic loophole with cash rebates to lure unsuspecting naive young buyers causing them to be victims of greedy developers ...this is a big problem ... government should ban cash rebates in any form and stipulate minimum deposit for a property at 10% or 20% just like in subsales ...as long as policy not corrected... transfer of wealth from young owners to developers is happening

On the other hand, one can also let the situation play out itself.. when enough ppl get burnt, then they will stop on their own... everyone is responsible for their own financial health anyway...laissez faire

Follow Singapore good enough. Max loan 90%.

Landlords renting out office space are really in big trouble with the new WFH culture growing in popularity.

It's a logical conclusion.

Office space was already oversupplied before covid.
Now more companies shifting to work from home, means office space even more oversupplied.

Some landlords will obviously suffer.

Does the rent included management fee?

Are some homebuyers in Malaysia paid to borrow and buy?







https://www.edgeprop.my/content/1824379/are...-borrow-and-buy