Su forget gd landed products might get snapped up first. Finger cross gov finally reacted smartly for at least 1 time in 60yrs.

Need pop a champagne soon.

Share more please?

I do have trustable friend in property industry said this year is the best year to buy - but obviously everyone see the glass differently

You must be lucky. Few so called eager seller that I came across really not that eager. Either you give them almost market price, or dont.

Gen X is also suffering, but not as bad as Gen Y only.

if this the case, whoever work under developer, massive VSS on the way, better look for other job ...haha

i think developers would just reduce the unit size and charge RM 999,999.99

most flippers don't buy >1mil property to flip anyway

but i do think it's a good move to encourage developers to offer more units at the price of less than 1 mil but the limit is still too high to make any significant impact

To my eyes, d market is getting healthier and healthier...

Oversupply was largely caused by greedy developers. To re agents, every year is the best year to buy.

Bank interest rate rise will have bigger impact on property market. We ain't see anything yet.


This post has been edited by icemanfx: Nov 18 2017, 03:52 AM

“This situation could worsen if the current supply-demand conditions persist. Within the country, Johor is poised to have the largest property market imbalances (highest number of unsold residential properties and potentially the largest excess supply of retail space). As such, it is timely for all parties to act now to mitigate any potential risks to macroeconomic and financial stability,” it said.
Read more at http://www.thestar.com.my/business/busines...Iv8xly3z1kir.99

In market economy, the only feasible and practical solution to reduce property over supply is to lower the price. When the price is low enough, supply and demand will be in equilibrium.

Another school of thought is to increase demand by performing qe and inflation. Unlike u.s fed, bnm could only increase limited amount of liquidity before sending myr forex rate tumble down. Rise in inflation rate is coupled with higher bank interest rate; otherwise could spiral out of control.

Another school of thought to increase demand by increase wages. Wages could only increase if companies profits is on uptrend or improve in productivity. Given gomen priority is tax revenue for it's operation expenditure. Tax and levy is likely to rise. At current market sentiment, few will receive large salary increment.

Given bnm record in afc 1997, it will likely not to take drastic action but to leave the issue linger.

This post has been edited by icemanfx: Nov 18 2017, 01:07 PM

Somehow it's true oso but need the help of the work force to lower the expectations in earning concurrently

Oopsi it's domino effect just like during the bull tun where salary couldn't catch up.

Btw economists usually 睇风行船 see ghost tok ghost see human tok human wan la.

he is the last person u can really trust on his statement.... a waste of time tok kok without facts... at least iceman keep splurt out napic figures... this guy... keep on say insider news here and there... topkek...

How practical to lower the price since the seller hv no issue to pay thier loan and not willing to let go with low price? Base on current situation, buyer will still need to buy with the inflated price and this could happen in more obvious on later time where demand is absorbing the supply. Afterall, our property price is still not that expensive, compare to wat we earned. Buyer still afford to buy and pay for a decent highrise.

Buy buy buy. Who has the balls to buy buy buy now and laugh in the future?

Hehe.

Buy within affordability

Its the good time for home buyers to squeeze balls of those low holding investor. Phone the agents and offer a your price. Agent will do their part. GL!

so far I only hear investors sold at near cost or with little profit.....the worst case.

no one sold below purchase price yet..........not that I know of......perhaps ppl that sold below cost tend to keep their little dirty secrets to themselves.

(excluding auction properties).

Only hope all on going development proceed well...no abandon project. I dun believe property mkt will crash but just slow in appreciation, and slight depreciate in bad location. Most malaysian own just 1 unit for investment or own stay. Anything happen to economy die die will find money to pay installment

if you look back at historical data......appreciation like now is NORMAL.

the only bad ones are the ones that launched during the peak of bullrun and now kena stucked.

This could be a good deal for some people

https://forum.lowyat.net/index.php?showtopi...post&p=87071835