May 13 2020, 06:56 AM
QUOTE(blanket84 @ May 7 2020, 12:29 AM)
I seldom posted in this section of LYN, but to answer you question, yes, you can easily find a good deal today compared to 2016 & 2018.
I have been monitoring the price of landed property in the area Iām staying now (Shah Alam) since 2015, and from my own price monitoring, the landed property in Shah Alam peaked in 2016.
I just bought my first house (and probably last because I bought for my own stay) last year at 720k. It is a double storey house with 2300sqft built up with land size of 22x75, newly completed (I bought one of the final few units 1 months before VP). As comparison, the houses in that area with land size of 22x75 with built up of 2000sqft was selling at 750k in 2016, with lower quality finishing. The same type unit was last transacted at 580k in 2019, but still the owner made a hefty profit considering it was sold by developer at 320k in 2010. But he made a paper loss of almost 170k as compared to if he were to sell his house in 2016. Currently the asking price is around 630-650k, but most likely you can still lowball the seller to 600k.
So yeah, you can pretty much find a good deal today compared to 2016. But my findings are just limited to Shah Alam.
If possible, may i know the location? Around Denai Alam or towards Seksyen 7? I have been monitoring the price of landed property in the area Iām staying now (Shah Alam) since 2015, and from my own price monitoring, the landed property in Shah Alam peaked in 2016.
I just bought my first house (and probably last because I bought for my own stay) last year at 720k. It is a double storey house with 2300sqft built up with land size of 22x75, newly completed (I bought one of the final few units 1 months before VP). As comparison, the houses in that area with land size of 22x75 with built up of 2000sqft was selling at 750k in 2016, with lower quality finishing. The same type unit was last transacted at 580k in 2019, but still the owner made a hefty profit considering it was sold by developer at 320k in 2010. But he made a paper loss of almost 170k as compared to if he were to sell his house in 2016. Currently the asking price is around 630-650k, but most likely you can still lowball the seller to 600k.
So yeah, you can pretty much find a good deal today compared to 2016. But my findings are just limited to Shah Alam.
I will be 35 yo this year, household income ~17k. No child. Total loan amounted to 1m (3 houses, 2 HP). My dream house is ~700k too, but at current economic climate quite scared to take new loan š
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