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

Honestly buying condo in Cyber for staying is pure waste of money and time. Myself bought landed in Cyber but condo is a big NO NO. Full of arab and african students (every single one of them) where you can't even enjoy the condo facilities peacefully.

On another note, always wonder what happen to those owner's credit score when their house got auctioned. Can they apply for another housing loan or will they blcklisted by the bank?

I admire your optimistic, there should be more property investors like you else price continue to downtrend.

Now compare to last time there is a BIG different.

1. The introduction of all these affordable housing scheme: RUMAHWIP, Rumah Selangorku, PR1MA, PPA1M. If the addition of these affordable housing projects keep on being added one year after another. Next time, it will be harder to sell your non-affordable housing scheme investment. This is because all the first home buyer will not buy from you anymore (better buy from the government right?). You lost a big chunk of first home buyer. So you gonna sell your house to who? And once the demand is low, automatic property price will not increase.

2. Rental market today. A quick search in mudah.my can see that everyone is happily renting out these affordable housing project. For example they bought at 300k and renting out at RM1500. You bought at 400k-500k and to remain competition, you are "force" to rent out at low price to fight with these rental.

3. 5 years from now for PR1MA. 10 years from now for other affordable housing scheme. They are free to sell. No restriction anymore. Once again market gonna be suppress. Their entry price is low, they can afford to sell cheaply. For example, they bought at 300k and sell at 450k after 10 years. You bought similar property next door at 450k today, and after 10 years where do you expect the price to be?

There are not enough houses for the mass population and government is doing the best to meet with the high demand.

When some of these dwellers improve their status they would go look for more luxurious houses.

All are positive.

Many flippers still don't realize they are developers' suckers.

really bad... want to run wit 5% profit also cannot... cry no tears...
maybe need to lose some only can let go ... diu nia sing..
never ever touch MS project ...

but got new highway straight to ampang... youngster who dip their head in.. suffers the next 5 years at least of travelling ...

this is what prominent developers and their young and active sales team had make buyers to believe so...

still fresh in my mind back at 2013.. where ppl line up to buy sp projects.... gg.com

Spot on!

This is the problem now, outskirt development selling at sky high prices.

12 years ago, I bought Rawang corner terrace at only RM$120K, now MS wants to sell $500-600K???

must wait 20 years, just to break even?

Prices will drop regardless right? new development agents are having a hard time. I mean, used to be that the developers wont even engage property agents to sell the houses. but to cut cost (overhead of employees, marketing), they decided agents are the way to go.

Doesn't make sense though. These agents are driven by money. When you ad another middleman into the transaction, you would increase the price of the property, not reduce them.

subsale la, there are few case that some request to transfer non-bumi leasehold land to another non-bumi got denied, thats one of the reason why alot of people stick with freehold land only.

Just a suggestion to salvage the situation....the initial intention was definitely flip for profit

With current negative equity,might as well just declare bankrupt and hide whatever cashback given by developer

Productivity and working attitude in this country is poor, could only improve if experienced financial difficulty. A economic recession is overdue.

lol i my property flipper friend is filing her bankruptcy this year if she cannot manage to sell 2 units of her 4 holding.

3rd and 4th key are coming soon. she told us either she can find another higher pay job or sell it at 10%-15% lower price.
otherwise she makan bread and water only.

i heard from a friend who said his friend went to a prominent property guru seminar, in the seminar, he was forced to swipe CC for 40k as deposit for 2 units at kajang. He specifically told me the word is "forced"

near MRT.

The property guru said they will renovate the unit at owner's cost, and within 3-6 months will find a tenant for owner.

The renovation include 5-6 rooms inside the 1000++sqft apartment, and rental will be rm800/room.

Dont know if it is true or not. Can somebody confirm?   

Real life story from owner of Green Residence, Cheras:


Updated lelong sold history:
- 1127sqft sold at 512k
- 1438sqft sold at 583.2k
- 1438sqft sold at 615k
- 1492sqft sold at 583.3k
- 1127sqft sold at 520k
- 1557sqft sold at 618k
- 1127sqft sold at 510.3k
- 1557 sqft sold at 567k
- 1492sqft sold at 620k
- 1438sqft sold at 567k
- 1492sqft sold at 560k

How u know selling like hotcakes? Seller told you or second sos? Almost every property agent I went to all say sell like hot cakes makes me think something fishy.

They got poster full with stickers to prove