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PROPERTY MARKET TO BE BADLY HIT IN 2018, Tekan the greedy sellers to the max!
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landplus
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 Nov 16 2017, 03:55 AM
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QUOTE(mindful @ Nov 14 2017, 10:06 PM) Property guru such as Faizul uses napic statistics a lot. It still shows growth which surprises me. Do u observe that is it the case? 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-lumpurhttps://www.land.plus/malaysia/selangorhttps://www.land.plus/malaysia/penanghttps://www.land.plus/malaysia/johorThis post has been edited by landplus: Nov 16 2017, 04:01 AM |
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landplus
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Nov 16 2017, 03:58 AM
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QUOTE(R o Y @ Nov 15 2017, 02:47 AM) In 2013 he said we are "heading to a property bubble": 3 years later in 2016, he said: http://property360online.com/scary-truth-affordability/So if the market was "HEADING" in 2013.... and the market has "BURST" in 2016... how come real estate prices only going to drop drastically 2 years later in 2018? Shouldn't the market have gone thru a drastic price correction in 2016 - 2017?  By the way, Bangsar Terrace houses are now 1.6m-2m depending on location and condition. So anyone who sold their bangsar house in 2013 would have missed out on about 25% capital appreciation over the past 5 years. 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 |
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landplus
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Nov 16 2017, 11:25 AM
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QUOTE 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-lumpurhttps://www.land.plus/malaysia/selangorhttps://www.land.plus/malaysia/penanghttps://www.land.plus/malaysia/johorQUOTE(aspartame @ Nov 16 2017, 09:30 AM) Transaction volume drop different from price drop. Transactions drop is usually correlated to prices drop too ... it means less ppl are willing to buy the asking prices, therefore eventually result in prices drop. From my observation, most property prices have dropped slightly from its 2013 high! This post has been edited by landplus: Nov 16 2017, 11:26 AM |
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landplus
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Nov 24 2017, 06:19 PM
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QUOTE(return78 @ Nov 24 2017, 05:22 PM) BNM is playing their role to ensure financial stability. Media will cook up anywhere based on NAPIC statistic. Perhaps, the different is pea sized minister might react in different way... dont forget there're many property company owned by umno & kawan-kawan. Bank Negara is doing the right thing by deflating the property bubble in Malaysia. |
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