First time buyer go and get RUMAHWIP / PR1MA / PPA1M / RUMAH SELANGORKU
Plenty to choose from.

The key is whether the investors hv enough holding power. I don't see it's a problem, as those who qualified for bank loan also means that they can afford to pay the loan.

Once the property price inflated up, demand will accept the fact to buy with the price.

Pls don't look down the holding power of our current investors in MY, think back who are the majority of the investors out there in MY.

i own one condo in KL and rented it out

4 years ago purchase subsale at 630k with funiture, then the next year advertised min 700k above for empty unit ... highest i saw last year was 800k plus

then today look back again, asking 660k

Its not about looking down on the holding power of the current investors. The market would tell no lies. Just ask any property agent and you will get the reply of "eager seller" or "enthuasistic seller" and you will know whats happening.

Those investors with gold and silver mountains backing don't impose risks. The issue is with over stretched investors.

At peak of u.s subprime crisis, housing loan relinquishing rate was about 9%. It doesn't take many over stretched flippers to cause property price to tumble.

With household debt at about 90% of gdp and many wages didn't rise faster than inflation rate, not many have sustainable cash flow to keep paying loan repayment.

How many investors are overstretched could only tell when the last of dibs project is vped next year. Given easy credit before 2014, number of overstretched investors are likely more than most expected especially after interest rate rise.

Gen X had all the fun and profit. now gen Y come out can’t buy anymore,

one investor said 2018 crash, then it becomes viral haha....chills guys. Buy if u can afford. prop inv is always mid to long term. Juet hold...buy when value buy come...u never know when would it be the lowest...when it picks up...u may not be able to catch or get any. Then forever u ll be like our frien iceicebaby shouting down crash oversupplied no demand property no hope..lol

Most bought property with bank loan i.e incurring bank interest and need to make loan repayment. If property price doesn't rise faster or higher than loan interest incurred is a financial loss. If one doesn't make loan repayment consistently could end up in foreclosure.

Property is not the only investment opportunity available and certainly not all weather investment especially oversupply is increasing and bank interest is on uptrend.

Ya dun buy bricks

Yeah that's true.

Property used to be quite a safe investment option, but nowadays, it's not so anymore.

However, we still see lots of new developments coming up.

faster ask the uncle sell his house to me

no need discunt 50%, 30% enuf

No, me and my friends always experiencing agents trying very hard to persuade seller to sell lower, this even happen to prop that hv very stable transactions with stable price. Subsales demand is lower, especially compare to new launch due to low entry etc. Agents need to persuade seller to sell lower in order to close sales easier. If hv many eager seller like u mentioned, agents won't need trying so hard to persuade seller to sell lower.

Wat happening now is subsales and even new launch demand has become lesser, but seller not willing to sell low just to attract buyer and dats y overall transactions hv become lesser.

No vendor is willing to sell below perceived market value.

At current market sentiment, it is more likely for vendor to budge in particularly after bank interest rate rise.

New launches still many and many of thems has more units compared to last times. The absolute prices are maintain or lower within 300k to 400k but psf price a bit higher..well quite overwhelming response. Who earn the $$$ 1st developer or you?

Simple, because o ly 'strong' buyers will dare to buy during these times but of course their offering prices must be according to their target prices or else they will be looking at other units. Simple to say, its a buyer's market now. Sellers cant simply demand their wanted prices nowadays or risk not selling their units. Agents dont care if you if you sell for a higher rm10 to 20k because their comm of 2% wont yield much of a difference. Rather they would prefer to quickly seal the deal.

overall, in conclusion, based on data fact and knowing bank have put in more control in lending out, you cant deny the fact that, buyer having more hard time to secure a loan, seller having hard time looking for potential buyer due to flippers around the same VP time.

it will take (3-4 qr) some cooling time before you start getting back some light

I used to appoint this fella as valuer a few times when getting bank loan to buy properties in late 1990s early 2000s. But recent years didn’t see this firm as bank’s panel already...maybe kena kicked out by the banks ?

Anyway, when cherroy going to transfer this thread to /k ?

This post has been edited by Showtime747: Nov 17 2017, 09:08 AM

Nostradamus never predict housing market crash 😂

Somebody got super butthurt by this news.

Must be a sohai property agent who cannot stand bad news, insists negative property news is irrelevant in Property Talk. Only good news news is allowed to help him cari makan.


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Cari makan mah. So can only accept good views 😂