Economic recession typically occur once a decade. Those who has extended loan tenure is expected to experience 2 or 3 economic recession. Those who has experienced economic recession will testify strong reserve and some good luck are needed to sustain through economic recession.

From designs to approval to launch of a high rise could take over 2 years. Like flippers, after experienced good profits, it is natural for developer to pursue for more, blinded by greed.

Property bull run mean income for developer, suppliers, service provider, bank, Treasury, local authorities, etc. Politicians are unlikely to disturb until it impose systematic risks.

Until today, few understand the cause of property bull run and why it has stopped.

Not that oversupply is unexpected but signs were ignored and mocked by those with vested interest.

This post has been edited by icemanfx: Nov 19 2017, 08:54 AM

Unless someone trying to speculate the property with expecting unsustainable profit. Rocket science is not required.

For own stater, find a property within own financial capability with reasonable priced (not inflated). Just buy it!

Don't hear to sifus too much. When they promote, mean they wants to take money from your pockets, or someone already put money into their prockets.

i saw many second house sold and renovation in progress at my Taman area

Taikors and sifus

Today I read in the Edge Prop about DBKl not approving new service appartments and condos > RM1m. And on Napic Q2 17 reports on WP KL unsold service apt and condos:

Overhang: total 644 units; >RM1m 349 units
Under con and unsold: total 7286 units; >RM1m 1583 units
Construction not yet started and unsold: total 6103 units; >RM 1m 193 units

What is the possibility for the >RM1m unsold units in KL to be absorbed by local and foreign buyers if indeed there are no new projects coming out in the next one or two years?

https://www.malaysiakini.com/news/402533

Should STOP all High rise next 3 years due to oversupply

then dev will build more sub 1mil props, overflooding this sector pulak. lol.

should stop all soho sovo sofo sohai project

Believe this is the intention of ban; otherwise, the objective to make housing more affordable couldn't be met.

but if they stop building now, then the demand will be more.. it's back to square one isn't it? property prices will shoot up again due to high demand and low supply..

The purposes is to clear unsold or reduce unsold unit back to average and it may take time of 1 - 3 years, that my understanding........

Unless they find a solution to make these properties.. "affordable", i doubt there's a solution for the current unsold units.

Blif those above 1m unsold units mainly targeting a smaller pool of existing buyers. Affordable issue is another part of the prob

Reckon 3yrs is to short. 5yrs is great to create the gancheong feel due to shortage at the later stage of the clearance

Personally dun mind to c the severe shortage of higher end segment. Some holding those props r facing lower yield for now

Lucky me as I DUN BUY CONDO

I don't understand the intention to limit building of > $1m property.

The overhang units majority not from this category.

The owners have higher witholding power.

The more supplies the price will come down faster which should be a good thing.

Why this restriction?

Thought boss sapu many SB units

Agree in LT landed will be the best investment.

More like to help existing players to sell their > $1m stocks.

Overhang units r unsold ones, means still in developers' hands. Gomen more afraid developers' holding power.

mo1 needs to protect his legacy of trx.

Below is the JPPH link to download the NAPIC 2017 H2 report:

http://napic.jpph.gov.my/portal/web/guest/...leUploadId=5087

I would like to share the tables below, so you may determine for yourself if its all doom and gloom, or if the market has bottomed:





Above shows the transacted value data for the past 6 quarters (Q1 2016 - Q2 2017) for KL and Malaysia. I have highlighted the Residential Data since that's what most of us are concerned about here

JPPH data shows that KL Property market has already been in recovery since Q4 2016

H1 2017 vs H1 2016 shows an increase in transacted value of 19%

All the recent news on the report has only looked at the overall Malaysia picture. None that I've seen so far have highlighted the recovery for KL market. If you talk to any active Agent or REN covering KL area, the KL figures wont come as a surprise. We've already experienced the recovery happening this year

Unfortunately, the rest of the states still flat or dropping. However they may start to follow KL's trend soon

I believe some are still adopting a "wait-and-see" attitude for their property purchase hoping that prices will drop further next year. If planing to buy somewhere in KL, then perhaps shouldn't wait any longer

In a way seasoned investors know it well wats goin on. However I personally still hope gov halt all approval as mentioned earlier I wish it ll b no new supply in the next 5 yrs till 2023.

Market up or down eat rice or porridge rely on the supply part. Suppressing the supply part is gd to move malai props value to a premier league rather than lower league.

Soli ya a but selfish fr my part. 🤣🤣🤣