Not surprising. A lot of O&G companies shutting down business. One of my friend got released cause no project incoming.

That pricing may not necessary reflect actual reality. I have seen shops closing in one mall one by one, but owner still insist on maintaining rent. There will still be people/developers out there who rather wait than letting go at smaller profit, but for how long is another thing.

Will a sales person bad mouth their own product? Seriously if u hear all property gurus only able to say one thing. It always goes up. If not buy now, rugi. If u don't buy property, u are losing out, sht like that.

Happened before.

Lol. If you don't even know this then you probably not qualify to comment at all. Anyway somewhere buried deeeeep in this thread already talked about this. Do your own homework.

Buy now! Next year worth x10! Trust /k.

Seriously, which sellers/salesmen/property investors will ever point out market downturn?

Apparently you don't get my point.

I'm no property expert, heck maybe property will increase by x10 by next year, who knows. But reality is property prices are driven by supply and demand. And majority demand I see are from flippers. I don't think flippers gonna buy with only 5% profit margin. Couple that with current economy situation, oil down, stricter bank loan and stagnating salary, yeah.......highly doubt that. But that's my opinion, wrong or not. Do note at 2012, economy are booming, oil prices are up the roof, expats are coming in droves and flippers are having the greatest time of their life (evident by 2013 of >100% boost).

This post has been edited by TrialGone: Jul 21 2019, 12:36 PM

When mah sing suggest 45 year loan already big sign bubble is at critical peak.

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.

See. Again with 90% booked. Its either 80% or 90% booked. Went to mall todei where there are some prop sales (apartments and service residentials) guys there so I test asking if same thing will be said. Guess what. Also 80% to 90% booked.

What I heard there are few scenario how they manage to get that many booking. Either developers sell to their close kin for cheap price to fill up the order, then resell or charge cheap booking fee that many with enough money will just willing to sign, which last I checked is only RM500. Or could just be BS.

Disclaimer, I'm a property noob so correct me. However after last experience with property sales guy that try to bait me into buying RM700k lot after I told him I'm saw ad for RM350k lot which he said sold out (then why the ad?) is really scummy.

Also doesn't seem property near MRT is as desirable as many thought.

This post has been edited by TrialGone: Jan 3 2021, 11:01 PM

Exactly. Also even scummier, when I hand over my phone number, get so many scam txt like wtf they did with my number? But my experience was the guy try to sell me a prop double what I was seeking cause the cheaper ones all sold out despite ad saying still available.

That's why looking for subsale cause i dont have to deal with this mumbo jumbo bs. There is also concern on actual occupancy rate since if too low there will be issue with maintenance later.

Also seem like sub RM300k always sold out so I never bother asking when there is ad for one anymore.

Technically it already burst but very slow death. My neighbour reduced price by another rm10k still cannot sell, lol.

Well technically for past 3 years since pandemic my neighbour already reduced total of rm30k.

Agent thinks the prop still overvalued lol.

This post has been edited by TrialGone: Oct 2 2022, 11:37 AM

Move out already. Cannot find buyer.

For whatever reason u sure interested in what I have said. Why? U trying to sell urs? Don't worry about my "ex neighbour" and I'm not that nosey. If u wonder how I know, I do chat with the agent.

Im right am I? Lol

Strange didn't remember pandemic started in 2016. Did I said she selling her place in 2016 before? Or u reading post wrong again.

Lol, that's motobodoh parking space la.

Precisely. Remember that famous saying property always go up?

No one ever learn from history that nothing goes up forever. If it gets too expensive, no one will buy, even if desperate, borrow from loan shark, there is still a breaking point. Oil crash, cryto crash, lehman brothers, even as far back as tulip mania.

The only reason why bubble still just letting out wet fart is cause govt been interfering, by extending loan to 35 years, adjusting property tax, letting foreigners in to buy etc. There is still a breaking point when govt no longer can sustain.

Remember this infamous proposal from Mah Sing to increase to 40 year loan? Your children/grandkids will be paying mortgage for 40 years lol.
https://www.nst.com.my/business/2022/09/830...-urges-mah-sing