Thanks for your input. Actually, when I said sifus, i refer to everyone here. I consider everyone more knowledgeable than myself because I'm eager to learn. I really appreciate your perspective.

It does seem the govt is aggressive in helping these developers. Not sure if it's good or bad. Maybe it is good when one is in need of a cheaper place. But bad if you want to sell one yourself, I guess.

I read about various problems with newer developments, not that the older ones are without problems of course...

Unfortunately, I hate to tell you that there is no bubble at this point in time.

This is a normal market cycle which goes up and down. The long term trend is always up. If you can hold on, hold longer.

A lot of people feel that a bubble has formed because of the rapid growth of property prices from 2009 - 2013. But property prices have more than doubled since the financial crisis in 98.

What if let's say this theoretical "bubble" pops. How much of correction are we looking at? 10%? 20%? Will this be overnight?

Realistically, this will not happen. Since 2014 - 2019 there has been a drop in prices of about 20% but that is a slow gradual landing. (Mostly in the secondary market).

Because anything more than 30% drop will cause a recession in Malaysia that will take many years to get out of. BNM and the government in charge will intervene and drop interest rates to keep the economy growing and get it out of the rut (so to speak).

If you really observe, developers are selling at more affordable prices now (We are seeing 3xxk, 4xxk launches, the norm in 2014 was about 5xxk and above) but that comes with a cost of higher density and smaller sizes.

There is a softer demand for sub-sale properties because of the HOC. There is, of course, plenty of deals now in the secondary market because of this.

If you are selling, I recommend you hold your horses and wait it out. My 2 cents.

I have considered Nadi but i tend to stay away from leasehold. From memory, Bayu Angkasa is also leasehold which probably explains why it seems a lot cheaper than comparable units in that area.

Both are freehold.

Sorry - my mistake. I mistook Nadi for Gaya. Somehow I keep thinking Bayu Angkasa is leasehold as it was one of the blocks that I was keen on inspecting.

The ones that are leasehold are Bangsar Permai, Bangsar Indah and there is another one as well can’t recall the name now.

There is also the Zehn that is leasehold but average cost per unit >RM1m.

Those aren’t bad places to live though as most of them are better maintained than the older freehold ones.

Since you are nearing retirement am guessing you must be nearing 60? Land title issue would be your children and grandchildren problems to deal with.

The ones that are leasehold are Bangsar Permai, Bangsar Indah and there is another one as well can’t recall the name now.

There is also the Zehn that is leasehold but average cost per unit >RM1m.

Those aren’t bad places to live though as most of them are better maintained than the older freehold ones.

Since you are nearing retirement am guessing you must be nearing 60? Land title issue would be your children and grandchildren problems to deal with.

Thank you very much - I am 57 at the moment and my wife and I have no kids so there should be no problems with future land title complications.

Bangsar hillpark also leasehold.

Hmm... Disappointing news about the length of time it takes to sell a property. My family member mentioned about the onslaught of calls from agents, promising ready buyers etc. It's rather annoying because it doesn't lead to anything serious.

He did mention that landed houses in prime areas still sell well and relatively quicker than condo units.

Do you have any regrets about owning a condo unit?

1.6Mil terrace basic condition in bangsar requires alot of renovations or refurbishment. I dont think it's worth it. I was considering the area but I dont think its fully gated n guarded. Hence its not my choice. I bought an end lot terrace instead, brand new with fully gated n guarded in a nice serene environment with similar price. More countryside. Near to the city as well.

Landed or high rise?

Most expatriate pensioners tend to rent for a while before buying a place of their own.

What location is this?

Oh... If I may ask, how to know if the price is unrealistic? If the market price is consistent with jpph data (from brickz), is it still unreasonable? Or has the price declined for condos lately?

Renting out sometimes is more profitable than selling a house ...

For residential property, renting is never a profitable business especially at current situation, as most residential properties net rental yield is about 1-3%, which is not enough to cover loan interest nor beat FD interest rate as well.

Profitable renting is for commercial/business property, not residential.

4-5% for residential still possible. Just need to find.

Depends on how much u dumped into renovating the unit....

Even if you can achieve 4 to 5% for 1 year, it doesnt guarantee for following years.

Depends on how much u dumped into renovating the unit....

Even if you can achieve 4 to 5% for 1 year, it doesnt guarantee for following years.