Jul 24 2019, 08:23 AM
QUOTE(geekystef @ Jul 20 2019, 02:15 PM)
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...
if you want to learn more, you may attend those property guru classes like adrian wee. I am not promoting his classes but i will say that you can learn something there since your family member already have this unit fully paid off the loan installment. 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...
QUOTE(vckc @ Jul 20 2019, 03:22 PM)
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 agree that TS should hold the unit since it is no buyer and just rent it out.... Renting out sometimes is more profitable than selling a house ...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.
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