Property is illiquid, price takes years to bottom. You may get more than what you wish after bank interest rate rise.

This post has been edited by icemanfx: Nov 15 2017, 09:40 PM

I can tell whos ur sifu from your writing hehe

I think there is no secret formula. Even many experts in USA could not forecast the coming of subprime morgage crisis in 2007. There is a tipping point and we don’t know where is the Point. Also many believe in Black Swan event by Nassim Taleb.

Many still can’t afford 300k properties even prices really drop to that level. The is a worldwide problem and many ppl also can’t afford to buy their own shelters.

What type of prop drop 30% so serious? Buy from developer is it? Generally, drop is 10% or less only. Some landed are constantly up. Talking about Klang Valley secondary market and only on transacted price, not peak asking to current asking lah.

if got nice development dropped 30% subsale transacted price excluding auction, pls let me know. I would like to buy.

A say: There are plenty stocks in primary market still, slow & bad market…
B say: There are plenty developers building affordable house, especially along MRT…
C say: is RM300k-RM500k affordable? How to buy, house too expensive, malaysian cannot afford.
D say: let the price drop, then sapu, do not buy now. (*Means there are plenty reserve power is waiting to buy the estimated under cut subsale)
E say: Now all material cost increased, hardly the end product price reduced.
F say: When market crash, all price go below actual value.
Wah… challenging market… bet or no bet?

This post has been edited by kinnasai: Nov 15 2017, 10:21 PM

Learn how to get 5% profit making properties. You won't repeat above statement again and again.

Some property up more than 30% between 1Q16 and 3Q17. BTW, the buyer is paying cash.

Small kid talks a lot. Char See....

What about majority of property between 1q16 and 3q17?



This post has been edited by icemanfx: Nov 15 2017, 11:57 PM

Actually I am more interested in how can he borrow 9 mortgage loan?

don't think so. market is active with affordable house recently, especially these 2 years rumawip and Pr1ma, once it is done ready for moving in should be in year 2021. Flipper will suffer in year 2021, now should be able to hold with rental income.

Dropped 30% ?!
Sure bo?
I still can’t found any subsale allow me marked up 30% (exclude those poor management like Scott garden).

Why not down to 100-200k if 300k is still not an affordable price? Why spelling 500k?
A Dr or chartered personal like him is assumed to have some way of deriving those numbers. If he really simply plucked some numbers to make up story and there's no different than chui sui talk.
Anyway, since his article has attracted attention, let's if he will present any data to defend his statement. Will see ...

Auction market plenty to choose from.
But still good located property no need to wait drop until 30%, people will take at 10-20% off asking subsale price.
And bad located property beyond 30% also nobody gonna go for it.


Here an example:




By the way, another unit available. Slightly higher price. Can wait for another round.

According to Napic data, residential property transactions have been dropping over the last 2 years. Check out the following links for the latest Napic residential property transactions (charts):

https://www.land.plus/malaysia/kuala-lumpur
https://www.land.plus/malaysia/selangor
https://www.land.plus/malaysia/penang
https://www.land.plus/malaysia/johor

This post has been edited by landplus: Nov 16 2017, 04:01 AM

The property bubble in Malaysia may have burst but i doubt the price will drop significantly due to the crash of the Ringgit, after all building material and salaries have increased due to inflation caused by our currency. So in US dollar terms, our real estate is actually very cheap now.

This post has been edited by landplus: Nov 16 2017, 03:58 AM

Before u.s subprime crisis 2008, there were a few warning e.g by Prof Robert J. Schiller but was ignored.

Property is illiquid, price takes years to bottom. Unlike stocks or commodity, doesn't has a tipping point as such.

How many of these investors are around? U.s subprime crisis 2008 was largely started by these flippers.

Provided can find tenant.

No vendor is willing to sell at below mv. Only those put effort could find below mv prize.

If price could rise irrationally during bull run, price could similarly drop irrationally during bear crawl.

To those earned in RM, USD value is irrelevant.

This post has been edited by icemanfx: Nov 16 2017, 05:34 AM

http://www.freemalaysiatoday.com/category/...-other-experts/

Oh really..
I guess that's must be overprice..

But yeah.. Not yet see bloodbath 😂

If property crash 30%..bank all banks will be in trouble, country in trouble....think savings safe?

This post has been edited by myhouse: Nov 16 2017, 09:21 AM

Transaction volume drop different from price drop.