Hi everyone ! Just out of random thoughts, trying to gather everyone opinions if 2021 is a good time to buy property.

Me & my girlfriend are considering to get ourselves a new house in this year.. Having known that a lot developers are kind of desperate now, with the pandemic affecting our entire economy, most of the properties now in the market offer really attractive price packages, rebates & so on..

So, is this a good time to buy ? Or should I pull handbrake first .. ?

Lemme know what you all think

What are your concerns? if you can afford it i dont see why not ? seems got some good deals.. maybe can squeeze even more ?

If for own stay definitely a good time as prices is a little more reasonable and there are lots of choices

There is never a good or bad time if you are buying a property for own stay, just make sure you feel comfortable with the price and location.

wait... property sales will get worse this year.

you can get better deals in the second half.

Just wait, property prices will trend downwards at least for the next 18 months.

Wait for more flippers desperate, then you sapu.

This post has been edited by Ayammachiamboss: Jan 11 2021, 11:35 PM

Was thinking if we could wait a lil bit more , perhaps the price might go down some more if the property market still going slow.

Agreed, wait. Price to rent ratio it too high now, you can easily get better investment elsewhere.

Check out my calcs here:
https://forum.lowyat.net/index.php?showtopi...post&p=99063702

Last time I heard one of the guru in FB said the 18 years property cycle is over, expecting the market to bounce back in 2021. Not sure whether its true, cause the other day I went to NAPIC and check, surprisingly our Malaysia House Price Index (MHPI) has dropped for the very first time.

If you REALLY want to get the best value/lowest price with potentially higher ROI in future, then better to wait

however if it's own stay and you already have funds saves up for down payment, better to continue to shop and keep your eyes and ears open, if you can find a good deal with a location and price that you're comfortable with, just book it when you feel that it's right, even if it's not necessarily economically ideal just be smart about it and get a decent value.

If it's your first property especially it's better to not get too expensive, keep the instalments at 30% of your monthly income. Unless you're loaded with cash there's a strong chance you might upgrade anyway.

bear in mind that you aren't the only one waiting for price to fall, so if your goal is to get a roof over your head and stay there for at least 10 years, might as well get it now.

Funny la these people. Property prices are already unaffordable as it is today. If this is a bounce back then it surely is a syiok sendiri one. I doubt property prices will ever get back to the 2016 highs.

If the project is below market value then can buy la. I see many projects and subsale still selling at inflated prices from years ago

This post has been edited by Babizz: Jan 12 2021, 07:20 AM

One more thing to add:

Consider your age also, because when you take MLTA/MRTA (which you really should especially since you're starting a family), each year added to your age will cause the premiums to increase, and after certain milestones for men especially they'll sharply increase the premium. If you can afford buy house early.

This post has been edited by DragonReine: Jan 12 2021, 08:19 AM

Guru make money out of your purchase, confirm say good

As long as the Covid-19 is still here, the property prices will remain stagnant and slightly dropped.

A lot of subsales dropping their prices but developers' project remain high price due to demand. Can see people rather buy developer units because of new, low or no down payment or in conjunction with HOC 2020.

When all these happened, it's time to buy instead of sell. But so many uncertainty, just wait and see.

Buying together with GF/BF is never a good choice. Not to jinx or anything but its never a good option in the event things happen down the road.

new projects price are still high i doubt it will go down.
in my area double stories 700k above are selling like pisang goreng panas. so many rich people over here.

I feel for own stay or BMV or lelong or whatever it is, just hold back your purchase...the odd for price going downside is super large than going up or even stagnant. Just wait and see the situation. Darurat time...

Lelong unit can be cheaper. But you must prepare cash flow at least 20% on hand from property price.
Example 10% downpayment, 5% for legal fee, stamp duty, MOT and etc. 5% for revaluation fee, agent fee or renovation fee or utilities bill etc.
If you are ready and property price below market value should go ahead to buy. I really doubt how much property price will slash down or lowest with material cost & labour charge keep increasing year by year.

This post has been edited by Erictan1981: Jan 12 2021, 05:46 PM

Big no no with gf, later break up you will cry

Majority are agents in this forum.
Including the one who ask 😆😆😆😆

How do you know? You help him created new account?

Rent and invest in other places such as stocks, bitcoin 😜

Yes. That's possible.
Many accounts under 1 person here include your account.
Self ask self answer, very normal in this forum

Yes, for own stay.

got stable job why not? a deal is a deal.

This is the scary part. Created multiple accounts sometimes just to post in a single thread. This is will confuse those who are new in this scene or looking for genuine information.

You may report TS for multiple accounts and justify as agent then 😂

haha, why u so sure, don't simply predict la, sound not fair

Anytime is good to get property if its at a good value and price.

No worst time, best time. My 2 cents.

Oversupply is oversupply but the rigid demand is still there.

If you are not getting smtg out of your own power, then its ok.

Yes for long term investment

Just my opinion, if to buy for own stay, buy if you can afford. Important is you and your spouse happy

I did agree some said that property price is stagnant, and if buy for investment better wait first. but also don’t forget that the inflation as money printed much since 2020 and looks like will continue for years, 1mil buying power in 5-10 years later might be much much lower to 1mil today

This post has been edited by CSW1990: Jan 14 2021, 11:29 PM

Another viable option would be auctioned houses

I am a strong believer that property prices will plunge soon. During the boom time, the greedy developers have overpriced their developments and built way too many. Now with Covid, oversupply situation and strict lending policy, it's just a matter of time. The only saving grace is the low interest rate.

Very true, especially those people think that lelong unit is a good price...but when you add up other cost almost back to square one. Matured area won't be dropping price especially in KV. Majority of the owner already paid of their houses, In other words they can hold if they want to sell. Maybe you're lucky only 1 or 2 unit but unlikely.

Financial stress doesnt mean is always about owing money to the bank. Owners have cash out property for medical treatments, finance children education, business expansion or to prevent debt action ...... etc.

In simple term, a property owner will sell if he needs the money, if borrowing is not an option.

Every property is sold or hold for a reason.

This post has been edited by mini orchard: Sep 2 2021, 08:08 AM

for residential, do not buy with anyone, other than your wife.

The price drop ? The negeri sembilan area but always advertising as near to KL that one maybe.

The real KL area, matured one. I don't see a drop

Funny part is i get call from the Negeri Sembilan project agent claim the project is within Klang Valley

price where got drop, even RUMAWIP also hard to secure units

lelong i participated semua got more than 1 bidder for KV areas

compared to last time cincaicincai can win uncontested

Yes you're right if they need the money, but you don't come across a below market price property in prime location.
If got also maybe 50-100k cheaper. BU now 1.2Mil - 1.3Mil, If cheap also maybe 1.0Mil - 1.1Mil. But seldom see any below market price property in KV la.

True below market transaction is normally done off market in good locations. There are many buyers on the side waiting and once he has news from agent, he will go in.

Hi all. I used to think about this issue a lot too, but my wife and I were able to decide and buy a new house. We were pleased about it, as our economic situation allowed us to buy a large and luxurious home. All we had to do was move our stuff out of the old house, which we efficiently managed with the help of localnlongdistancemovers . Our friends were shocked by such a successful purchase and expressed their sincere congratulations.

This post has been edited by DennisMay: Jan 21 2022, 09:23 AM

If you can afford, found your right place and for own living, is never a wrong decision. Price wise ... doesnt really matter even if is slightly expensive.

This post has been edited by mini orchard: Jan 20 2022, 09:25 AM

Can foruners share the ideal targets within klang valley?

Any new landed that's within 15km radius of klcc?

Set aside budget first as I prefer to have landed if there are new projects around. Funding wise just have to get a solution if really need to proceed 😅

I believe there's a project or two in Titiwangsa, forgot name le

there's also Sierra Hijauan in Ukay Ampang, leasehold landed

Thanks dude

Titiwangsa still have new landed? Surprising to me 😅

I recall seeing a few ads about it, but could be fake. People like to throw around names but actual location is like on the edge of the district, not even close to main hubs 🤣

Icic it's a real deal if can get a new landed there

Please share if you do see any 👍

Thanks

Ah, coincidence, saw an ad.

It's d'Brightton villas, there's 3 story n 4 story houses, but considered a strata property (read, won't get your own plot of land attached to the property). So not true landed.

This post has been edited by DragonReine: Jan 28 2022, 09:24 AM

Oh that's Strata title landed? Would prefer just normal landed.

Thanks amyway