Hey guys, Just want to hear your opinions on this matter.

Is it a good time to buy Property? Why? or Why Not? If yes, where?

Each person's scenario is different. So what is a good time for some may be a bad time for others.

My opinion is that now is a good time to buy properties as Developers are giving a lot of discounts and freebies, sellers have lowered their asking prices plus Bank interest rates are record low. You also have the inflation factor whereby properties are gonna be more expensive in the future.

This is Provided IF you have stable income/job and commitments are manageable.

On the other hand, not a good time because economy is uncertain as we have just started to recover but the world may go into recession due to the russian/ukraine war. Rentals will remain stagnant or even drop because of plenty of supply and unaffordability issue of tenants.

This scenario limited to Klang Valley but i believe other parts of Malaysia are even worse.

What do you all think?

For own stay or investment?
FOr own stay, current pricing really okay.. If for investment and already have targeted tenants.. Just go ahead since most of the countries already in endemic phase.. Provided have a stable job..

It's one of the better time, at least vs foreseeable future.

Raw materials and labors price are increasing, so do expect everything to start hike up unreasonably too, especially constructions and properties.

Those with vested interest say; anytime is a good time to buy poorperly.

during bull run, price will go up. on price down trend, opportunity to buy low. land is limited, god no more make land.

This post has been edited by icemanfx: Apr 15 2022, 05:06 PM

Developers are giving a lot of discounts and freebies, sellers have lowered their asking >> this happens all the time in the past, present or future.

When one has the resources, he will decides when is the good time.

When one has no or limited resources, a good time is also a bad time.

Actually it happens more during the "bad" times. During the recent hot property market 5 to 10 years ago, Developers only giving 2% to 3% and have to pay the balance of the first 10%. I know because i bought then.

I also bought 20 years ago when you hear of people lining up to buy properties. No such freebies. But 2 to 3 years after the developers came up with nice schemes such as developer absorb interest during construction schemes and only need to pay like 5% downpayment.

I also sold during the hot property market right after VP. Make good money. And have seen prices of condos keep jumping every few months and regret selling earlier because my friend sold his unit at 50k more because he waited a few months. But I have to say now these times are gone for good.

could you name a few potential good buy properties/areas?

The reality remain, until poorperly overhang is reduced substantially, price will remain suppressed.

Given slowing population growth, ageing nation and highly urbanized, buy to invest or rent may be less favourable.

Every young working adult will go through 2 or 3 rounds of recessions b4 he retires.

How severe is one affected during each round depends on his overall commitments.

No loan is still the best to weather any recession.

No right or wrong answer. Just make prepared decision.

U got the resources...
Any time is good time to buy 😁
Especially now....

Developers giving lots of discounts and freebies?

Where? Non existent to me.

Now is good time to rent not buy.

In my opinion, I think it's really worth to buy last year if you are prepared.. developer is giving massive rebates, interest rate at its lowest to encourage spending, government incentive with the HOC somemore..

In fact, this year the buying market is still strong despite construction costs have gone up , HOC no more, people is still buying.

To me, if you found the right property within your requirement and you are well prepared.... Don't wait ! Seize the opportunity right away.

any good investment properties around KL/PJ area ?

If for own stay, you can afford and meet your requirements, go ahead. Own stay if you are young and/or have a young family, put convenience before rental returns/capital appreciation.

For investment, look at sub-sale market. I believe that the high rise situation in Klang Valley is oversupply and you won't be able to cover your instalment by the rent. Look at sub-sales where the rental market is more or less known. Try the KL city center market...now the prices are depressed and plenty are below market value. Especially tourist market - short stay in places around KLCC and Bukit Bintang. MCO period, totally no rent because borders were close, soon borders will fully open and rentals will pick up. Many landlords got burnt and throwing units....pick one up for cheap and when the china tourists return you can reap good rewards.

2 group ba...


group 1 say :
better buy now, land getting limited, if buy later need to buy very far away
price of material going up labor going up etc

group 2 say :
monetorium ending soon. many properly need to lelong
war is going on, large disruption to world supply chain
china covid on going etc etc look at sri lanka gone bank group...
so market will crash

so which camp are you on?
for me... if can wait for 2 more months ba.

Building materials price movements has no impact on completed poorperly. New supply is about 15% of total stock. There are plenty of choice in subsale/secondary market. If one insisted to buy new launch then has to pay overpriced/future price.

For investment, the main parameter to consider will be the rental yields %. If the current sub-sale price can offer decent rental yields % around 6~8%, by all means go ahead & buy. Some location nearby the private universities/colleges can still give such yields post Covid-19.

If the rental yields is < 5%, don't waste your time because the market will be flooded with the affordable housing units value below 300~350k. The quality of the affordable housing units will lose up to the condo units.

If buying for the upgrade - yes, buy anytime if you are financially ready. Not many can afford the loan - many loan got rejected & the units are opened up for sale again.

If buying for flipping, with the current trend of the family is getting smaller & smaller. From 2 adults ( husband & wife) married & reproduce 2 infants or single infant, some even don't want any baby, the market for flipping is not going to be promising. The last property run, the rich one already bought the units for their next & next generations.

This post has been edited by nihility: Apr 18 2022, 10:27 AM

iif new house price go up... secondary market price also go up.

when new house price go up... more people will then switch to consider secondary market
when more people wanna buy the subsale house... of course subsale price also go up. The house owner untung la

economics 101 bro.....