Open Discussion on whether To Buy or Not To Buy Property in 2017

After reading both the articles, I would say both have strong grounds to argue their respective case. If we were to put both man across one another, I am certain the argument will go on endlessly. Additionally, I have the had the opportunity to meet both in person. Today, as an impartial observer, I would like to share some basic insights and hope to get a open discussion by the public on the conflicting views between a Chartered Surveyor VS PropertyGuru Survey results.

My humble view:

Mr. Chong view on current high property price isn't wrong. I do agree certain segments in our property market is overvalued. His advise to those who are seeking to buy is better off renting is accurate as far as those who do not have the means to pay the monthly instalment. However, if a person has the ability to service the loan while buying a property (place where they call home), I am all for it. Mr Chong's rule that only 25% of the income should be used for monthly instalment payment is also unrealistic. If you are looking to buy a home in Klang Valley, this would be almost impossible.

With regards to PropertyGuru survey that 58% of the people are looking to buy property in 2017, I think there is some truth to it. The property market has been going downtrend for the past 3 years. Property developers are launching various marketing packages similar to DIBS schemes in the past. Property transactions for the past 3 years has also fallen significantly from the peak. I would say those who actually need to buy a property for Habitat purposes, should go for it as it is very hard to time the bottom. Additionally, I do believe that some level of recovery in the property market will happen soon. I am looking at end 2017 / early 2018. I will save this topic for another day.



Can read more :

http://www.tradeview.my/2017/01/tradeview-...not-to-buy.html



Suicide to buy a house now, says consultant



Robin Augustin | January 19, 2017

He advises prospective buyers to wait until property prices come down.

PETALING JAYA: A property consultant has advised prospective house buyers to wait until property prices come down, saying making a purchase at current prices and in the face of a bleak economic outlook would be like committing suicide.
Ernest Cheong, who has been a chartered property surveyor and consultant for more than 40 years, said the property market does not exist in isolation and people needed to pay attention to the local and global economic situation.

Read more :

http://www.freemalaysiatoday.com/category/...ays-consultant/



58% likely to buy a house in first half of 2017



Bernama | January 16, 2017

House buyers are now looking for properties that are further away from the city, but with good transport links.


KUALA LUMPUR: Some 58% of Malaysian buyers are more likely to buy a house within the first six months of the year, despite the property sector being sluggish, says a survey by PropertyGuru.com.my.
The Consumer Sentiment Survey conducted by Asia’s leading online property portal at end-2016 also revealed that 38% of consumers were satisfied overall with the local property market.
This is a 10% increase in overall satisfaction from the 28% recorded last year.
“This shows positivity as house buyers accept pricing realities and readjust strategies for 2017,” said PropertyGuru Malaysia country manager Sheldon Fernandez in a statement today.

Read more :
http://www.freemalaysiatoday.com/category/...t-half-of-2017/

This post has been edited by tradeview: Jan 23 2017, 11:52 AM

For own stay, always buy but within your Budget.

For investors, do your homework, make sure financially strong before buying.

My 2 cents : I think landed in good location can buy. High rise, oversupply, so avoid now (unless price very value for money). Maybe 2017 is the last year to get good deals.

I guess everybody will buy at some point of time. It is better to buy now than later... As long as buy within own means will be safe...

Maybe not...

Kenapa? Apa pandangan anda?

Yeah please share. You think 2018 and 2019 also still soft property market?

Landed always in demand..
U can never go wrong with it..
Unless u go buy ulu ulu jungle area far far from connecting road

Think very very carefully. Buying a home is a very huge investment. Good to have dreams but don't get carried away. A large chunk of your monthly salary will go towards servicing then loan and most of it will be used for paying the bank's interest and only a very tiny portion for the principle during the early years. Buy within your budget.

300k rumawip also need 1.5k/month for 35 tahun.

Paying until masuk coffin.

Very true. Of course there are many who do not wish to do that, hence they pump in $ every month, but for many others there are so many commitments - PTPTN loan, car loan, rent, food, parking, petrol etc. It's tough for these people unless they are born with a silver spoon..

This post has been edited by abhipraaya: Jan 22 2017, 08:39 PM

I don't know many big boss or k forumers 20k income/month which I jelly so much.
Some medium/small business taukeh loan 400k only, also need 20 years to gaodim. Monthx2 top up to clear principal nia, those are good business time before GST.

But 300k isn't easy like those BBB fresh grad thought (or just working 2-3 years), their money sucked inside this Rumawip/Pr1ma/slenagorku. If it turned out nasty in future like Govt changed law/too many restriction to sell/value dropped due to quality like shyt and etc=gg

think properly whether u need it so much, like getting marry with women u love.. (bo bian ad right?) having children and etc.
Buying property isn't joke, don't read/listening too much bs from prop guru. If still wanna fantasy so much=go Holland, can hisap weed and fantasy as much as they want.

Anyone want "dare dare go", pls go by yourself. Don't ask ppl join your Holland trip.
No need listen to guru okeh, when secondary school time u also dun gip a F to gurux2 (which u should) now as an adult want become guru anak murid. Sochai betul.

This post has been edited by heavensea: Jan 22 2017, 08:45 PM

No buy also wrong, buy also wrong... SO HOW?



“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world” –Franklin D. Roosevelt

Buy with brain bah...

Manage with knowledge bah...

Profit until mother cannot recognised bah...

So Kolian left rite oso kenot decide meh. Just pay moolah to guru bbb til ah bu kenot cam muka lo 😬😬😬

I cannot tell d future. I'm no wizard. But 2020, I feel, remains a psychological milestone in Malaysia. Act accordingly...

As long as u do ur homework... anytime can be a good time to buy... especially during downcycle

important is you find a property that you really like and one that you can afford.

still got balance savings each month after all expenditures

The problem for most people is

1. Always cant afford what one likes
2. Alwayd dont like what one can afford

Me including.....si beh jialat de...