can i have some opinion current market, nowadays a lot of agents say that is good time to buy a property,

what is the Pros and cons??

got alot rebate and got cash back some more is it really good to purchase ?
the property free MOT until end of JUNE sound like now buy before JUNE is pretty good?
base rate drop interest lower then previous d?


need some advice from specialist adviser !

I'm not a specialist adviser but I would say it is starting to be a good time to look at subsale.

Many owners who bought the past 5 years are trying to offload quickly since the trend is now firmly down.

If you're buying from developer.....best of luck. I'm not a believer of new developments, especially in a soft market.

is it subsales free for all the legal fee like MOT? and where can we know which area are under value?

No... You have to bear all legal fees for SNP and LA. Prepare about 5% of property price for Legal fees and SD.

For under value props.. go out and look for them. Start calling agents.

Nope not free.....please keep in mind developer says this free that free everything free, because all the costs are already priced into the property. It's all a sales gimmick.

As for your second question.....I can type an essay here. If you really want to learn how just PM me I can share a reliable source which can share a lot of material.

can look at auction too..

have some good properties around. but u have high competition too.. because many are eying auction market too nowadays... many desperate owners around..

When do or has ever agents advise not a good time to buy?

This post has been edited by icemanfx: May 16 2019, 07:26 PM

Yes free mot, however most of the time you need to pay 10% downpayment.

Example: First time home buyer, 400k - 40k(10% discount, some have, some dont have) = 360k discounted spa price

360k - 36k(10% downpayment) = 324k nett price

Personally, I feel like more rebates and cashback means developers are getting more desperate to sell their units as they want to avoid too much overhang.

Yes, interest rate lower.

Has there ever been a time where its not a good time to buy properties for "everybody"?

Ya, what I mean by everybody is everyone, no matter rich, poor, rich in cash, etc.

Cash back : sumthing bad on that property

Or developers getting real desperate to boost sales

Everybody's need or requirements is different.

Hahahhaha..
True also.. As long $$$$ involved...

Does the saying of, there will never a good/bad time to buy properties, the time is now...still holds?

Because it's like year after year, everyone keeps saying market is bad, don't buy. Or market is bad, so must buy. Would it actually be the case of if you have money, right feels over it, then buy?

So is it correct to say that it is always a good time to buy properties?*

*Terms and conditions applied.

Agents are not wrong then

That's partially correct. Everyone knows the stories of some successful people with their "i buy xxxx when its cheap, now expensive dy i damn rich now, thats how i succeed". Not many people know when to buy, when to not buy. How? Keep on researching la...

Wait till market rejuvenates then start researching? Too late. Wait till market is bad then start saving to sapu lelong and subsales?

Diu...many people say now subsales and lelong market good, let me ask you, if you don't start saving before, how are you gonna afford going in subsales and lelong?

Not at all. Everyone has different needs and requirements.

What is your terms and conditions?

Poorperly is illiquid, price takes years to bottom and kv poorperly bottom is still not insight. Kv poorperly won't be seeing another bullrun for many years. Why would sensible investors buy on downtrend?

Am not a specialist adviser.

But here's my take on the current property market climate. The first thing you will need in the current climate is good holding power as no matter what property you buy you need to be prepared for it to be vacant for longer than usual.

It is a good time to pick up cheap medium cost places that are near MRT/LRT/KTM stations. Positive cash flow investments but it will take some effort to manage. Are you eligible for a rumawip?? Quickly get one. One of these get on auction? Get it if it is on the cheap. There will always be demand for them.

Properties that are between RM500-700k, plenty of them about but only those near LRT/MRT stations need to be considered with the other exception being those close to major roads.

Properties between RM700k-1.5m, stay away unless it is a freehold, landed and you are keeping it for capital appreciation, only buy one if you have holding power and find one going for below market value. Condo in "atas" areas, only recent ones need to consider, everything else not worth it.

Properties >RM1.5m, this will typically be landed houses in well established neighbourhood. Rentals are crap on them but they will have capital appreciation value, find very basic but liveable condition units that are going for a bargain.

How I find properties on a bargain?
The 6 subsale I own :-
-2 were from my lawyer, was informed of the troubles of the buyer and if could help they had a properties to let go.
-2 were from my banker, 1 was a distress situation and another colleague migrating.
-2 were by an REA that I have a good relationship with and these 2 were basically owners been wanting to sell for a long time but couldn't sell and he informed me what were the magic numbers to close a deal and how to seal the deal.

Everyone has different needs and requirements.

You spew such vague statement to come across as its "true". Why can't I put out a vague unspecific statement that is correct?

Also, if its property, then property la, wtf is poorperly?

It is illiquid but then it still holds up a significant portion of your initial value even if it depreciates, thats why some people like to invest in properties. (dont tell me rubbish extreme example of buying a flat unit for 1.5m)

It takes years to bottom, diu every year can say like that lo, wait till the year before u die then buy, ok mou?

I agree with you the property bottom is still not in sight. However, who can know exactly when is the property bottom? Diu even economists don't know.

Sensible or not, not even up to you to decide.