Economic recession? have you been to shopping mall, airport, restaurants, hotels recently?

https://themalaysianreserve.com/2019/01/03/...il-price-slump/

https://themalaysianreserve.com/2019/01/03/...ver-6-year-low/

The last time banks offloaded npl from balance sheet to spv was during 1997 afc. guess npl is rising.

Believe the trend was casted when dibs was available, many hoped to flip upon vp. What is happening at auction is basically a fallout from 2011-2014 property bull run.

This post has been edited by icemanfx: Jan 13 2019, 02:14 PM

ManutdGiggs

Some 180 property developers have pledged to slash the prices of their unsold homes by at least 10% as the real estate sector struggles to clear RM22 billion worth of inventories amid rising prices and tightened financing availability.

The government will host the developers at a mega home sales expo “Home Ownership Campaign” in March, two decades after a similar expo in 1998.

Housing and Local Government Minister Zuraida Kamaruddin said the campaign would be held on March 1-3 at the Kuala Lumpur (KL) Convention Centre.

https://themalaysianreserve.com/2019/01/11/...alleviate-glut/

One may not need to go to auction for cheaper price property. does it mean property will devalue by >10%?

those buyers who are not in hurry could wait to shop in march.

This post has been edited by icemanfx: Jan 15 2019, 03:15 PM

Not everyone is financially discipline, some may have invested on other assets, some bought for cash back, etc.

Indicate loan interest will soon be over 5%.

Unless bank subsidize borrower or liquidity tightening is temporary, loan interest rate has to be higher than deposit rate.

This post has been edited by icemanfx: Jan 19 2019, 06:05 PM

Those have money are likely to buy from auction than subsale or developer.

Property auction is probably the closest to stocks, gold, btc exchange, where price is transparent.

This post has been edited by icemanfx: Jan 25 2019, 06:17 PM

Auction is only worth while if significantly cheaper than market price. Hence, many foreclosure went through a few rounds of price reduction in reserved price before it is sold.

Property is illiquid, current lelong market is likely to persists longer than afc.

What about tresspasser? Not unethical or illegal to tresspass?

https://www.edgeprop.my/content/1480406/mor...der-hammer-2018

Number of foreclosure in this year is likely higher than 2018.

Number of foreclosure is as many as number of developers overhang units. given most investors financial is weaker than developers, mean many are in financial distressed.


This post has been edited by icemanfx: Feb 23 2019, 10:38 AM

Developers and speculators are victims.

Not unexpected, after this batch of eager buyers are exhausted, price will tumble to new low.

Property overhang will take longer than most expected to reduce substantially and more new supply coming, doubt these eager buyers have the stomach to swallow all.

Many of these venture are only financially feasible when oil price is at stratosphere level and many of these were vehicle to scam gomen funding.

During bull run, flippers advocated they were rewarded for risks they took. Similarly, they reap the consequences when the tide turned.

Conventionally, his friends and family are likely similarly committed.

This post has been edited by icemanfx: Mar 13 2019, 11:14 AM

Double posted.

This post has been edited by icemanfx: Mar 13 2019, 01:26 PM