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> Best time to buy house now?

zzstormriderzz
post Nov 9 2018, 04:39 PM, updated 7d ago

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The bank lending rate has dropped to the lowest 2 years ago in the last 30 years, though now picking up a bit.
But the property prices have definitely dropped to the lowest as well in the last 5 years.
Based on these two scenarios, does it mean that now is the best window to purchase property ? or shall I say BBB mode is officially on?
mikro
post Nov 9 2018, 04:41 PM

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Interest rate increase will change the affordability.

Then you need to factor in the change in government policy.

If it for speculation better wait until the overhang is clear.

This post has been edited by mikro: Nov 9 2018, 04:45 PM
zzstormriderzz
post Nov 9 2018, 04:45 PM

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QUOTE(mikro @ Nov 9 2018, 05:41 PM)
What about interest rate increase?
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Compared to 2 years ago, yea increased a bit. But still the lowest compared in the last 30 years i supposed
gld998
post Nov 9 2018, 04:57 PM

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QUOTE(mikro @ Nov 9 2018, 04:41 PM)
Interest rate increase will change the affordability.

Then you need to factor in the change in government policy.

If it for speculation better wait until the overhang is clear.
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Now is the best time to hoard property if u have holding power. cool2.gif
pilotHans
post Nov 9 2018, 05:10 PM

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is when you have money and cash in your account + some backup plan, just incase biggrin.gif
zzstormriderzz
post Nov 9 2018, 05:24 PM

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QUOTE(gld998 @ Nov 9 2018, 05:57 PM)
Now is the best time to hoard property if u have holding power.  cool2.gif
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By hoard you mean do not sell the existing one do not sell the existing ones? or stockpiling/acquiring more properties?
icemanfx
post Nov 9 2018, 05:33 PM

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Liquidity is tightening, bank loan interest rate is on uptrend, overhang has yet to peak, foreclosure case is rising.

x132755
post Nov 9 2018, 05:35 PM

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Not best time for now..
it’s always best time 10 years ago.
icemanfx
post Nov 9 2018, 05:48 PM

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QUOTE(x132755 @ Nov 9 2018, 05:35 PM)
Not best time for now..
it’s always best time 10 years ago.
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Why not 4 or 5 years ago?
x132755
post Nov 9 2018, 06:08 PM

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QUOTE(icemanfx @ Nov 9 2018, 05:48 PM)
Why not 4 or 5 years ago?
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Cycle
koja6049
post Nov 9 2018, 06:10 PM

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if fundmyhome scheme really takes off, then yes it is the best time now.
nexona88
post Nov 9 2018, 06:11 PM

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Well anytime is best time to buy if u got the $$$
ctlim78
post Nov 9 2018, 06:12 PM

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just hold cash on hand, unless for own stay. next 1 or 2 years will hv more options n good bargain + good location.
mangoproperty
post Nov 9 2018, 06:27 PM

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Moving forward will ppl still prefer landed or condo ? Especially gen Y and Z
hermozo09
post Nov 9 2018, 06:32 PM

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QUOTE(mangoproperty @ Nov 9 2018, 06:27 PM)
Moving forward will ppl still prefer landed or condo ? Especially gen Y and Z
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Unless the prefer to live at the outskirt, plenty of choice for landed. Looking at the developer trend in the city, high rise will be it.
deadravel
post Nov 9 2018, 06:37 PM

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QUOTE(mangoproperty @ Nov 9 2018, 06:27 PM)
Moving forward will ppl still prefer landed or condo ? Especially gen Y and Z
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anytime ppl also prefer landed over condo, if both also met same criteria whistling.gif


ddemonn
post Nov 9 2018, 06:40 PM

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next year
x132755
post Nov 9 2018, 06:40 PM

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If buy now, you no need fork out so much money on downpayment side.. cause developer give many offer.
Later hard to said
zzstormriderzz
post Nov 9 2018, 08:02 PM

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QUOTE(ctlim78 @ Nov 9 2018, 07:12 PM)
just hold cash on hand, unless for own stay. next 1 or 2 years will hv more options n good bargain + good location.
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Why say so? My thought is, if wait 1 or 2 years, it's gonna be worse since interest rate is on uprising trend, plus no more good location in the city area,
as we are facing scarcity of lands in the prime areas,
and there exists a trend now where city outskirts are being aggressively developed and marketed such as Puncak Alam, Sungai Buloh, Setia Alam and Semenyih.
These areas are not good at all.
In terms of good bargain, there is always one irrespective of the time factor. I can get a good bargain 10 years ago, or 2 years ago, or even now, or even in the future, given that if I do my research throughly.
zzstormriderzz
post Nov 9 2018, 08:07 PM

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QUOTE(koja6049 @ Nov 9 2018, 07:10 PM)
if fundmyhome scheme really takes off, then yes it is the best time now.
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I dont see how that will relate to the overall market. Yes, low cost apartments will be built.
But that caters for low income segment ppl.
If you are able to afford condos, why not go for them instead of buying low cost apartments?
For own stay, obviously you want your neighborhood to be quality ones, and not facing the issues of neighbours not paying maintenance fees,
destroying,vandalising public properties.
For investment purpose, obviously you want to buy good location, easy to rent out places, and get high yields, which is obviously what low cost apartments cant cater for.

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