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 Multiple Signs of Malaysia Property Bubble V20

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dogbert_chew
post May 23 2023, 11:07 AM

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QUOTE(icemanfx @ May 23 2023, 10:57 AM)

Most of the Malaysians who have been declared bankrupt are within the age group of 35-44 years old (35.24%) while 25-34 year olds come second (22.52%).

The majority of bankruptcy cases in Malaysia are caused by vehicle purchase loans, resulting from their outstanding car loans. 
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Financial conglomerates and Automobile powerhouse in Malaysia are untouchables.

No one can modify the ridiculous Hire Purchase Act or the 7 to 9 year loan tenures causing such bankruptcies.
dogbert_chew
post Aug 8 2024, 11:58 AM

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QUOTE(amboi_asamboi @ Aug 8 2024, 10:39 AM)
Rent is cheaper, loan repayment at least double of what im renting.
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Agreed.

Am staying in a rented property neighbour recently sold 650K
monthly I pay 1K. Like the area still deciding if to purchase in view of coming global recession.
dogbert_chew
post Aug 11 2024, 01:46 PM

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QUOTE(icemanfx @ Aug 11 2024, 11:30 AM)
No. B1-8-3, Residensi Lot 8 (O2 Rseidence) Puchong South
** 1,938 sf, Leasehold, 3+1R2B2P, Non-Bumi
** Auction Price :🔥🔥𝗥𝗠 𝟯𝟰𝟴,𝟯𝟬𝟬🔥🔥
** Bank Value : RM 500,000
** Auction Date : XX Aug 2024

No. C-13A-07, Ameera Residence, Mutiara Heights Kajang
** 1,270 sf, FREEHOLD, Non-Bumi, 3R2B
** Auction Price :🔥𝗥𝗠 𝟯𝟯𝟲,𝟬𝟬𝟬🔥
** Bank Value : RM 420,000
** Auction Date : 20 Aug 2024

No. 3A-05, Pangsapuri Kiara 3, Mont Kiara
** 1,518 sf, 3+1R3B2P, FREEHOLD, Non-Bumi
** Auction Price : 🔥😱𝗥𝗠 𝟰𝟰𝟰,𝟲𝟵𝟬😍🔥
** Bank Value : RM 610,000
** Auction Date : 22 Aug 2024

No. A2-07-03A, Mirage by The Lake, Cyberjaya
** 1,033 sf, 2+1R2B2P, FREEHOLD, Non-Bumi
** Auction Price : 🔥😱𝗥𝗠 𝟯𝟭𝟴,𝟴𝟲𝟬😍🔥
** Bank Value : RM 600,000
** Auction Date : 22 Aug 2024

No. B-08-09, I-SOVO @ I-City, Shah Alam
** 481 sf, FREEHOLD, Studio Unit, Non-Bumi
** Auction Price:🔥😍RM 185,895😱🔥
** Market Value : RM 300,000
** Auction Date : Sep 2024

No. P5-B-10-12, Sri Ria @ Sepakat Indah, Sg Chua, Kajang
** 872 sqft, FREEHOLD, Non-Bumi, 3R2B
** Auction Price :🔥🔥𝗥𝗠 𝟭𝟳𝟭,𝟯𝟱𝟬🔥🔥
** Bank Value : RM 300,000
** Auction Date : 3rd Sep 2024

No. B2-27-7, D'Sands Residences, Jln Klang Lama, K.L
** 1,076 sf, FREEHOLD, Non-Bumi, 3R2B2P
** Auction Price :🔥🔥𝗥𝗠 𝟰𝟲𝟬,𝟴𝟬𝟬🔥🔥
** Bank Value : RM 640,000
** Auction Date : 20 Aug 2024

No. A2-3-3, Midfields Condo, Off Lebuhraya Sg Besi, K.L.
** 1,202 sf, Leasehold, Non-Bumi, 3R2B2P
** Auction Price :🔥😍𝗥𝗠 𝟯𝟲𝟰,𝟱𝟬𝟬😍🔥
** Bank Value : RM 500,000
** Auction Date : 22 Aug 2024

No. A4-47-08, Razak City Residence @ Sg Besi
** 807 sq.ft, Leasehold, 2R2B1P, Non-Bumi
** Auction Price : 🔥😱𝗥𝗠 𝟮𝟳𝟴,𝟬𝟬𝟬😍🔥
** Bank Value : RM 380,000
** Auction Date : Sep 2024

No. 13A-22, Residensi Suria Pantai, Pantai
** 807 sf, Leasehold, 3R2B1P, Malay Owner
** Reserve Price :🔥😍𝗥𝗠 𝟮𝟳𝟬,𝟬𝟬𝟬😱🔥
** Developer Price : RM 275,000
** Auction Date : 24 Aug 2024

No. 15-13A, Oasis 2 @ Mutiara Heights, Kajang
** 1,250 sqft, FREEHOLD, 3R2B2P, Non-Bumi
** Auction Price : 🔥🔥𝗥𝗠 𝟮𝟲𝟭,𝟬𝟬𝟬🔥🔥
** Bank Value : RM 440,000
** Auction Date : Sep 2024

No. B-27-7, The Elements, Off Jln Ampang
** 1,421 sqft, FREEHOLD, 3R4B2P, Non-Bumi
** Auction Price :🔥🔥𝗥𝗠 𝟱𝟰𝟱,𝟲𝟬𝟬🔥🔥
** Bank Value : RM 852,000
** Auction Date : Sep 2024

No. D-1-18, Dorsett Residences Sri Hartamas
** 667 sqft, FREEHOLD, Non-Bumi, Studio Unit
** Auction Price :🔥🔥𝗥𝗠 𝟯𝟭𝟴,𝟵𝟬𝟬🔥🔥
** Bank Value : RM 600,000
** Auction Date : 14 Aug 2024

No. B-16-6, Vision Residence, Puchong
** 1,642 sqft, Leasehold, Non-Bumi, 3R3B2P
** Auction Price:🔥😱RM 278,711😍🔥
** Bank Value : RM 590,000
** Auction Date : 23rd Aug 2024

No. MK3-36-11, Arte Mont Kiara
** 915 sq.ft, FREEHOLD, Non-Bumi, 2+1R2B1P
** Auction Price :🔥😍𝗥𝗠 𝟱𝟭𝟭,𝟬𝟬𝟬😱🔥
** Bank Value : RM 700,000
** Auction Date : 14 Aug 2024

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Bank value doesn't mean market value right ?
Market value likely closer to auction price. No one is stupid enough to auction below what they think can sell.

Bank value perhaps outstanding loan after accumulated interest hence it is rather meaningless and stated just to make the unit seems like a good deal.

Buyers still need to perform due diligence on other units sold in vicinity to get the present market value which in actual fact be lower than auction price.

Please correct if wrong.
dogbert_chew
post Sep 26 2024, 01:53 PM

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QUOTE(gashout @ Sep 26 2024, 12:12 PM)
wah, you untung manyak! i think their maintanence per mth around rm400?
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Residential house not gated. No maintenance la
dogbert_chew
post Sep 26 2024, 01:55 PM

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QUOTE(KitZhai @ Sep 26 2024, 12:34 PM)
Mana? Can I be Ur neighbour?
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Are you hot available single girl? 😏
Else please stay far far..
dogbert_chew
post Nov 5 2024, 11:27 AM

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QUOTE(dogbert_chew @ Aug 8 2024, 11:58 AM)
Agreed.

Am staying in ad rented property neighbour recently sold 650K
monthly I pay 1K. Like the area still deciding if to purchase in view of coming global recession.
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QUOTE(cms @ Nov 5 2024, 11:00 AM)
Rent at 1K only ah, selling at 250K ?

This kind of place can stay boh, at night got ppl with parang come knock for angpow.
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