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Malaysia property market finally bottomed out?
TSwenyao1121
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Jun 12 2019, 10:49 AM, updated 5y ago
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New Member
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Just read a news from The Malaysia Reserve, they interviewed few property expert, such as Knight Frank MD and Propertyguru Country Head, they said there is a recovery sign in Malaysia Property Market. Any thought from you guys? [QUOTE]“Barring any unforeseen circumstances, we expect market activities to pick up in the following months/quarters supported by the ongoing Home Ownership Campaign 2019, developer’s financing packages, property crowdfunding platforms, etc,” Knight Frank Malaysia Sdn Bhd MD Sarkunan Subramaniam The Malaysia Reserve
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Tsukasa
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Jun 12 2019, 11:30 AM
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If we ask property developer or ppl with connection of property. All of course will say go up.
My take is hold on first and see situation. As alot ppl got fired and alot company go bust. So careful with hard work earn money unless u want to buy for stay. Then go ahead. If for investment, hold till economy is stable. US vs China impact havent hit us yet but sooneer or later we will feel it already.
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icemanfx
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Jun 12 2019, 11:50 AM
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Developers and alike have been claiming poorperly to upturn in second half of this/next year since time immemorial.
until poorperly overhang is reduced substantially, how could price upturn?
historically, poorperly bottomed a few years after economic recession.
This post has been edited by icemanfx: Jun 12 2019, 11:51 AM
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Hammer278
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Jun 12 2019, 12:11 PM
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Getting Started
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Don't count on it. Lots of very new developments still trying to find buyers.....very much oversupply today and prices will keep coming down. Can expect a jump probably only middle or end of next year.
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BeastB
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Jun 12 2019, 12:16 PM
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They will always say "from now onwards its UP"....
This is going to be stagnant for the next 1-2 years yet. I think 2021 onwards would be a BBB approach.
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Hofmann33
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Jun 12 2019, 12:21 PM
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Getting Started
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Play the waiting game I suppose..
Seems a lot of new developments coming up are cheaper than the newly completed new developments in the same area.
Not sure if we're at the end yet.
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billy08
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Jun 12 2019, 12:27 PM
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Getting Started
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Yes. I can see now new property promotional price starts from 300K. If two years back, we hardly see Klang Valley new property price at this value. And with the promotional price, everything on the legal charges all free, e.g. MOT
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jhuitan
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Jun 12 2019, 12:54 PM
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QUOTE(Tsukasa @ Jun 12 2019, 11:30 AM) If we ask property developer or ppl with connection of property. All of course will say go up. My take is hold on first and see situation. As alot ppl got fired and alot company go bust. So careful with hard work earn money unless u want to buy for stay. Then go ahead. If for investment, hold till economy is stable. US vs China impact havent hit us yet but sooneer or later we will feel it already. Many grab driver also jobless next month onwards
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jhuitan
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Jun 12 2019, 12:55 PM
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QUOTE(icemanfx @ Jun 12 2019, 11:50 AM) Developers and alike have been claiming poorperly to upturn in second half of this/next year since time immemorial.
until poorperly overhang is reduced substantially, how could price upturn?
historically, poorperly bottomed a few years after economic recession. Rent better
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NZelectric00
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Jun 12 2019, 02:01 PM
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Getting Started
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Time to collect maybe? Those projects launched when the price is peak in 2013-2015 have completed. Can bargain hunting from those. Some new developments also launched at corrected price, and low entry cost
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cedyy
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Jun 12 2019, 02:05 PM
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They're hoping that by saying so, people will start to reinvest.
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powerlinkers
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Jun 12 2019, 02:10 PM
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Haven’t bottomed out yet. Wait for another 2 years, we are heading for a recession soon.
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NZelectric00
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Jun 12 2019, 02:15 PM
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Getting Started
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QUOTE(icemanfx @ Jun 12 2019, 02:03 PM) I dont think comparing our market with Japan’s Lost Decade is accurate.
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heavensea
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Jun 12 2019, 02:30 PM
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No, not even close.
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icemanfx
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Jun 12 2019, 02:40 PM
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QUOTE(NZelectric00 @ Jun 12 2019, 02:15 PM) I dont think comparing our market with Japan’s Lost Decade is accurate. It show; poorperly takes many years to bottom. similarity between japan and kv are; overhang, overpriced, slow income growth, ageing nation and slowing population growth. how much kv poorlerly will follow japan, only time can tell. This post has been edited by icemanfx: Jun 12 2019, 02:49 PM
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kiampa guy
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Jun 12 2019, 02:49 PM
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Getting Started
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QUOTE(icemanfx @ Jun 12 2019, 02:40 PM) Similarity between japan and kv are; overhang, overpriced, ageing nation and slowing population growth. it demonstrate, poorperly takes years to bottom. how much will follow, only time can tell. Any Facts or Data to support yr statement?
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icemanfx
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Jun 12 2019, 02:55 PM
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myroy
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Jun 12 2019, 03:14 PM
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right time to buy for own stay
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