This agent high fever. 

Only those who has experienced AFC 1997 would understand.

😅🤣😂

So bad of u 😋

would this present an opportunity for me to buy a place for own stay at reasonable price?

An interesting question to ask is how many of the launched and in progress projects will be completed, instead of being abandoned.  I think it's common practise for developers to incorporate individual pte ltd company to undertake each project to insulate the holding company. The bigger companies may be worried about the damage to their reputation should they walk away from a loss making project.  Many other SME developers may care less and simply declare bankruptcy for the project company as we have witnessed many past cases of abandoned projects during economic downturns.  The banks will own the "project", land & whatever uncompleted buildings and lelong it out to new owner.  If banks had disbursed partially loans taken up, would buyers end up owing the banks and need to repay the loans with interest but with no property, nothing to show?

Well  that time very serious..
This time might be even worse 😣

I'm not going to go into the intricacies to explain why a correction that deep will not happen.

To keep it simple, for asset price to fall that much the rental yield will have to fall significantly.

With no sharp excess supply pouring into the market it is simply not possible.

Unless COVID-20 appears and kills 90% of the world population. 

Most if not all contractors, suppliers, service providers, etc to developer received multiple contra units. It is not at all surprised for them to offload at substantial cheaper price for cash flow.

If one knows where to look could find.

That is a fair assumption, correction is to be expected. But nowhere that as deep and wife, and will be short lived.

The elephant in the room is overhang/unsold/idling units in both primary and secondary market.

Developers have already and will slow down launches in the short medium term.

For those that are not strong, let them wind up.

Pity the buyers.

An interesting question to ask is how many of the launched and in progress projects will be completed, instead of being abandoned.  I think it's common practise for developers to incorporate individual pte ltd company to undertake each project to insulate the holding company. The bigger companies may be worried about the damage to their reputation should they walk away from a loss making project.  Many other SME developers may care less and simply declare bankruptcy for the project company as we have witnessed many past cases of abandoned projects during economic downturns.  The banks will own the "project", land & whatever uncompleted buildings and lelong it out to new owner.  If banks had disbursed partially loans taken up, would buyers end up owing the banks and need to repay the loans with interest but with no property, nothing to show?

Yes, this recession will be worse and longer than AFC 97.

i am cautiously optimistic that our country may not suffered much from this and expected to recover with a strong pace.
the last few days has shown very encouraging results and the bank moratorium provided a very huge relief on a lot of parties.

take china for example. start of epidemic to lockdown to uplifting. what is the total period and its implication towards their economy and growth?
and by drawing similar comparison of theirs to us, i can see similarities.

fingers crossed the worst has already passed.

if you compare to fd, it's now only 2.65%... 

I'm not going to go into the intricacies to explain why a correction that deep will not happen.

To keep it simple, for asset price to fall that much the rental yield will have to fall significantly.

With no sharp excess supply pouring into the market it is simply not possible.

Unless COVID-20 appears and kills 90% of the world population. 

ambank FD promo 3.5% for 6 or 12 months
thank you for your succint summary. i think you are corect. people still need a place to stay , regardless of whether they buy or rent.

our population will continue growing. urban areas will continue to host foreign labor.

Population growth rate is slowing down and in about 2030, this country will become ageing nation.

So foreign labours will stay in high rise condo?

If demand is rising, how to explain property overhang?

Population growth rate is slowing down and in about 2030, this country will become ageing nation.

So foreign labours will stay in high rise condo?

If demand is rising, how to explain property overhang?

"Ageing" not aged.

https://www.statista.com/statistics/318690/...on-in-malaysia/

2030 median age estimate of Malaysia is at 34.1.

ageing people still need to stay somewhere , correct ?

foreign labor will stay in medium cost high rise housing , with 6-8 people per unit.

https://www.nst.com.my/news/nation/2019/12/...eing-population
How to define medium cost high rise?