Data speaks for itself. Source: NAPIC

The market overhang will continue. Incoming super high density developments (2-3K units) will add to the stock like never before. Developments like United Point, Riana Dutamas, Era Duta North, Maju KL, KL traders square, Maxim city light, Sentul Point, RUMAWIP, Aset Kayamas many projects and many others will only be completed around ~2021. For the overhang to clear, this will probably take a few more years.

Mind you, the data showed here are for the 4Q of 2016, We've seen in the 1H of 2017 many new launches with similar super density style. Can't wait for the incoming data by NAPIC to see what will happen.

Opinions anyone??

Data below are for Apartments/Condominiums alone

Q4 2016: WP KL stock figures


Existing Stocks: 164419
Completion: 4024
Incoming Supply: 39755
Under Construction: 30091
Planned Supply: 42783



This post has been edited by jothisdown: Apr 19 2017, 11:39 AM

To be fair also why don't you include how much houses WP needs to cater to the need (not demand). It goes back to affordability issues hence more and more affordable houses are invading the market

this is the general concept... but there is no mention of affordability of the general buyers now huh... the demand now usually affected by affordability... if a buyer saw the price is right for them.... hence there is demand for that particular project...

hence why u still see AK projects queue and buy like no tomorrow....

the demand is still there. buying power is still there. people with money still plenty around here. but whether those rich people buying will actually earn we may not know.

Example: I'm staying at a condo. VP at 2013. until today still got lots of units owner did not do anything. not renting nor selling. still in virgin condition. this show that people got money. they just prefer to keep in property rather than putting money in bank.

apa tu AK? aset kayamas?

Guys... what is incoming supply? Is it property that going to complete in 2017?
Planned supply is DO obtained but not yet start constructing?

why is this parked under property Q&A? it should be discussed on the main wall for property talk no?

yeap.... famous name here....

AK have job opening in jobstreet..hehe

Join the future no1 developer in Malai.

Pop transactions would be single digit of percentage if not rumawip window dressing those data.

Malai KL siti pop market already gg.

Bubble is coming soon. Best to exit before RUMAHWIP lock in period ends.

Those combo condo is worse. Make sure your management side volunteer to install CCTV at your neighbor RUMAHWIP for free. Everyday monitor. If got suspicious not owner staying, report to DBKL. Let them take action.

Theres few big dev having roadshow at mytown ..market already stale n it will be like this for some time i think ..meanwhile dev are trying Very hard

not only was this removed from Q&A, it was booted off to Kopitiam, albeit Serious Kopitiam

Personally, I feel like discussing anything in the Property subforum is a waste because it would easily be be swallowed by the chats on specific development/area that go on there.

Best is probably to look at nett household creation for KL to proxy for demand.. But I don't have access to the figure. What I do know however is that nett migration for KL is negative. Pop pop pop

Those owners, they still pay maintenance fees?

Probably units kena auction d, you check auction listings lately, it’s just crazy...

The solution is open the market to foreigners
Our property is cheap for them

yup..they paid every month...rich or flipper dont mind this cost..
what a waste