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> Too many empty property after build up, will property market collapse?

silenkill
post Aug 9 2018, 01:20 PM, updated 2d ago

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Recently i realise a lot of new project keep popping up and the old 1 still like 10-50% occupied( like 5yrs later or more ).
dont say malaysia. just PJ,KL.

Do you think we have this much population?

deduct the young 1 ( 0 - 25yrs old )
deduct the old folks

Do you think 1day this property investing will bloom or boom ( semua mati )?

Also the price is like monopoly by those tycoon ( mcm suka hati je naik harga, if all developer boss happy )

if anyone from other state or city can share about your area. Thanks
unitron
post Aug 9 2018, 01:26 PM

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QUOTE(silenkill @ Aug 9 2018, 01:20 PM)

Also the price is like monopoly by those tycoon ( mcm suka hati je naik harga, if all developer boss happy )

*
Yeah, I also feel those developers suka hati letak harga... since no need all units sold to make profit.
Maybe 25-30% sold, already gain back cost... after that all profit.
awang
post Aug 9 2018, 01:28 PM

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well I hope so..let them face the reality once a while..

as for property flippers, let them suffer

This post has been edited by awang: Aug 9 2018, 04:14 PM
mrdude
post Aug 9 2018, 01:36 PM

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property bubble thread #7328914
TBJ
post Aug 9 2018, 01:46 PM

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according to developers estimation, each year have hundreds of thousands SPM leavers, they're the potential buyers and building cannot keep up yearly, that's what i've been told.
A.B.D.
post Aug 9 2018, 01:50 PM

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new empty properties won't cause property market to collapse, only cause new empty properties market to collapse.
AskarPerang
post Aug 9 2018, 01:52 PM

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Lcclcc
post Aug 9 2018, 01:54 PM

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I am feeling that the reason of "mismatch".

Mature and Convenience Area: With amenities, easy transport, school and etc. The housing is mostly occupied and the demand is there.

Low Cost Flat/Apartment/LC Landed: Also mostly occuppied. My family have a few low cost Flat/Apartment and it's very easy to rent out, and i assumed the demand is very high.

Condo/Landed: For those 500K and above, i think it is with low occupancy. But for those in a convenience and mature area, the occupany are building up slow but eventually will filled up, but rental are going downward.

Remote Area: The KV City is actually expanding, with the MRT/LRT expansion as well as the new township, the occupancy also building up(slow rate too).

I am feeling that over the years, the population of KV is building up, and the urbanisation(people moving from Kampung to KV) is in progress.

The demand of housing is actually there.
The Overpriced or Increment of Incoming against the people unaffordable.

So, then we will see how is the Free Market will react to strike a Balance Status:-
a) The Rich: With Good Holding Power, Some with High Gearing Ratio is Painful.
b) The House Value(Bank Value) already very high, if there is a drastic drop it will hurt the economy and Bank System. Financial Crisis.
c) Those for Own Use With One Unit: Will still sustain the Unit with Income. For those that bought earlier with gain will enjoys a more pleasure way. For those that bought at higher price will need to plan their spending carefully.
d) Those who is looking to buy can hunt for bargain or good location.
e) If the government will do something or new regulation will be implement on the mismatch to help those lower group to achieve a property.

So, i feel that it will still be in a process of fluctuation and balancing.


DesRed
post Aug 9 2018, 01:57 PM

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As long as there are people who give in to their greed to fuel their 'get quick rich' desires, then this 'flipping' phenomenon will go on. At the end of the day, they'll end up bankrupt and their units auctioned off.

But it's good in a way, coz it will self-correct when more stable buyers lap them up. But the latter really need to do their homework bfr buying them, otherwise will end up getting a undesirable facing, community, etc. later on.

This post has been edited by DesRed: Aug 9 2018, 01:58 PM
woolei
post Aug 9 2018, 02:41 PM

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a lot of KL people brought Seremban landed house for investment, but mostly vacant even after VP for few years.

it wont collapse as long as people still BBB.
empatTan
post Aug 9 2018, 02:59 PM

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U don't understand capitalism, ts.
DesRed
post Aug 9 2018, 03:10 PM

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QUOTE(woolei @ Aug 9 2018, 02:41 PM)
a lot of KL people brought Seremban landed house for investment, but mostly vacant even after VP for few years.

it wont collapse as long as people still BBB.
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Huh? Are they buying them as their retirement homes? blink.gif

Can't imagine Seremban becoming some old-folks town 10 - 20 years down the road if that is the reason. unsure.gif
corleone74
post Aug 9 2018, 04:00 PM

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QUOTE(silenkill @ Aug 9 2018, 01:20 PM)
Recently i realise a lot of new project keep popping up and the old 1 still like 10-50% occupied( like 5yrs later or more ).
dont say malaysia. just PJ,KL. 

Do you think we have this much population?

deduct the young 1 ( 0 - 25yrs old )
deduct the old folks

Do you think 1day this property investing will bloom or boom ( semua mati )?

Also the price is like monopoly by those tycoon ( mcm suka hati je naik harga, if all developer boss happy )

if anyone from other state or city can share about your area. Thanks
*
won't bloom. won't boom oso. just a lot of pipu stucked. price stagnant . some oversupply produk type down due to weak holders. good location good value prop with supply<demand (for eg semi D in PJ cool2.gif cool2.gif ) will stagnant or maybe up a bit a bit.
nexona88
post Aug 9 2018, 04:12 PM

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well different people different thinking...

as long people still buying, the market won't collapse tongue.gif
bob
post Aug 9 2018, 05:01 PM

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nowadays, many people got plenty of money la.
they can effort to buy apartment/condo/house for their kids.
or at least 1 family got 2 houses.
also in every year stiil got many people want to upgrade their home ,, so property biz still kicking alive

This post has been edited by bob: Aug 9 2018, 05:02 PM
tkyong1
post Aug 9 2018, 05:04 PM

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TS question too general.

It really depend which city.

Example KL and PJ, every year new comer keep flowing into these city for education and working, so the population and demand for place to stay is increasing year on year.

Other cities like in smaller town, it is opposite story.
tkyong1
post Aug 9 2018, 05:06 PM

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Malaysia property market will not be so easily collepe.

Mainly due to our strong housing loan control. The bank will not grant loan if your purchasing power is not there, not like in certain countries.
silenkill
post Aug 9 2018, 05:18 PM

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I do hope so everything will be fine.
As every time i pass by those condo/apartment.
like already there for 5years it still seem not fully occupied yet (50% in dark ).
cause just drive by....jus assuming.
Maybe there is some people going green, save energy going in dark. biggrin.gif

if there is people living in condo/apartments like that can share a bit?
Is is they just like living in the dark or just empty unit? or maybe some other reason.

aspartame
post Aug 9 2018, 05:33 PM

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If can buy RM300k to RM500k car and see it depreciate to below RM100k....whats the problem of buying RM500k to RM1mil houses and leave it empty? syiok can already..ke ke
icemanfx
post Aug 9 2018, 06:46 PM

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QUOTE(tkyong1 @ Aug 9 2018, 05:04 PM)
TS question too general.

It really depend which city.

Example KL and PJ, every year new comer keep flowing into these city for education and working, so the population and demand for place to stay is increasing year on year.

Other cities like in smaller town, it is opposite story.
*
If there are sufficient number of migrants, there won't be oversupply.

QUOTE(tkyong1 @ Aug 9 2018, 05:06 PM)
Malaysia property market will not be so easily collepe.

Mainly due to our strong housing loan control. The bank will not grant loan if your purchasing power is not there, not like in certain countries.
*
It was not unheard-of many flippers bought multiple units before 2015, and these units are vp. Otherwise, foreclosure won't be substantially cheaper than market price.

QUOTE(aspartame @ Aug 9 2018, 05:33 PM)
If can buy RM300k to RM500k car and see it depreciate to below RM100k....whats the problem of buying RM500k to RM1mil houses and leave it empty? syiok can already..ke ke
*
Property cost to maintain and incurring loan interest daily.

Car may depreciate but it could bring in new business and show off which could be priceless. For reasons, re agents and some kuptong uncle driving caynne.


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