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 Will you think the property market will fall soon?, will the landed property fall in 2024?

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scorptim
post Jul 19 2022, 01:06 PM

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QUOTE(mezanny @ Jul 19 2022, 12:27 PM)
of course u have to renovate lah, not all to ur liking.

the cheaper the subsale means u have to do more renovation

come on, have you ever lived in a home > 12 years old. You think every owner that sells them in pristine condition ah ?

if u get one in pristine condition either prices r higher or u have to fight tooth and nail to grab iti first from others.

nowadays easy to get loan meh ? economy not so good, co profits down, interest rates potential to go down, who want to take the risk to buy house unless got lots of money.
*
New projects also not renovated to your liking la. If you want to renovate to your liking, new launch or subsale still same la.

I never bought a new project ever, so far all places I have bought before are subsale or auction units. For subsale if your house is shit condition which sohai gonna buy? Most subsale houses are indecent condition and quite a few are in pristine condition. If you don’t like what you see just move on to the next house. It is buyers market from 2017 until now, what grab teeth and nail to fight with others are you talking about? You sendiri go check la subsale market how many people trying to sell their properties. You are basically spoiled for choice as a buyer in the current market.
mezanny
post Jul 19 2022, 02:18 PM

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QUOTE(scorptim @ Jul 19 2022, 01:06 PM)
New projects also not renovated to your liking la. If you want to renovate to your liking, new launch or subsale still same la.

I never bought a new project ever, so far all places I have bought before are subsale or auction units. For subsale if your house is shit condition which sohai gonna buy? Most subsale houses are indecent condition and quite a few are in pristine condition. If you don’t like what you see just move on to the next house. It is buyers market from 2017 until now, what grab teeth and nail to fight with others are you talking about? You sendiri go check la subsale market how many people trying to sell their properties. You are basically spoiled for choice as a buyer in the current market.
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tell me, which area subsale ? PJ ? can get below 800k ? I mean double storey. Not single.

People who sell for what give u in pristine condition ? mostly in disrepair one.

even got people faster snatch the property or sell a bit higher.

loan easy to qualify meh nowadays ? I won't want to commit to another loan.
scorptim
post Jul 19 2022, 03:03 PM

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QUOTE(mezanny @ Jul 19 2022, 02:18 PM)
tell me, which area subsale ? PJ ? can get below 800k ? I mean double storey. Not single.

People who sell for what give u in pristine condition ? mostly in disrepair one.

even got people faster snatch the property or sell a bit higher.

loan easy to qualify meh nowadays ? I won't want to commit to another loan.
*
You want which part of pj? That price PJS area got a lot la but I will assume you talking about the atas part of PJ, so ss2, paramount etc those areas…cannot get below 800k la. Mostly is selling around 800k++-1m now. That is already 10-20% drop compared to 2015-2016 when the prices were around 1m-1.2m.

You expect what? Price drop until 500k then consider price drop ah? Drop by 100-200k is not counted as drop?

SUSBrookLes
post Jul 19 2022, 03:18 PM

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QUOTE(scorptim @ Jul 19 2022, 03:03 PM)
You want which part of pj? That price PJS area got a lot la but I will assume you talking about the atas part of PJ, so ss2, paramount etc those areas…cannot get below 800k la. Mostly is selling around 800k++-1m now. That is already 10-20% drop compared to 2015-2016 when the prices were around 1m-1.2m.

You expect what? Price drop until 500k then consider price drop ah? Drop by 100-200k is not counted as drop?
*
Dun you see an issue when ppl start selling at a lower price when in the past, no matter what, they will never sell at a lower price?

But it's ok
mezanny
post Jul 19 2022, 03:29 PM

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QUOTE(scorptim @ Jul 19 2022, 03:03 PM)
You want which part of pj? That price PJS area got a lot la but I will assume you talking about the atas part of PJ, so ss2, paramount etc those areas…cannot get below 800k la. Mostly is selling around 800k++-1m now. That is already 10-20% drop compared to 2015-2016 when the prices were around 1m-1.2m.

You expect what? Price drop until 500k then consider price drop ah? Drop by 100-200k is not counted as drop?
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So ? its still unaffordable.

Subang jaya double storey landed ?

I am not going to buy house until I see one of my condos, not willing to take up any new loan.

Pls dun say places like Setia Alam, Elmina...and further down the road or somewhere in klang, Kajang, Bandar Sg Long

R231_SL65_AMG
post Jul 19 2022, 03:47 PM

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QUOTE(mezanny @ Jul 19 2022, 02:18 PM)
tell me, which area subsale ? PJ ? can get below 800k ? I mean double storey. Not single.

People who sell for what give u in pristine condition ? mostly in disrepair one.

even got people faster snatch the property or sell a bit higher.

loan easy to qualify meh nowadays ? I won't want to commit to another loan.
*
Most PJ DST that are 20x70 are going for around RM800-900k for a basic unit without any extensions. Check out Taman Mayang area.

Below RM800k? Yup, 18x60 ones, SS5, SS7 and some parts of SS3 and SS4 are around that these days.

22x70 for below RM800k? Can if you're willing to stay near HTC, face T-junction or near something else deemed undesirable.


mezanny
post Jul 19 2022, 03:55 PM

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QUOTE(R231_SL65_AMG @ Jul 19 2022, 03:47 PM)
Most PJ DST that are 20x70 are going for around RM800-900k for a basic unit without any extensions. Check out Taman Mayang area.

Below RM800k? Yup, 18x60 ones, SS5, SS7 and some parts of SS3 and SS4 are around that these days.

22x70 for below RM800k? Can if you're willing to stay near HTC, face T-junction or near something else deemed undesirable.
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PJ houses r super hot. Need to pay renovation to cool it down...maybe install those roof ventilators. Reinstall the roof with aluminium insulation ?
I sweat when I am in one of them.
Not going to reveal why I am in a PJ house when I dun own one.

locale is superb.
but cost is expensive, must sell one of my property to buy one
I dun want to take any more loans


R231_SL65_AMG
post Jul 19 2022, 04:11 PM

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QUOTE(mezanny @ Jul 19 2022, 03:55 PM)
PJ houses r super hot. Need to pay renovation to cool it down...maybe install those roof ventilators. Reinstall the roof with aluminium insulation ?
I sweat when I am in one of them.
Not going to reveal why I am in a PJ house when I dun own one.

locale is superb.
but cost is expensive, must sell one of my property to buy one
I dun want to take any more loans
*
PJ houses aren't any hotter or cooler than other homes built during the similar period.

Personally not that big into PJ DSTs though born and raised till 11 at various PJ houses. Now I don't find them to be all that appealing to live in as many of them the road and townplanning didn't move on with time, streets that should be 1 way isn't 1 way and their commercial areas are mostly stuck in their past glory and fails to attract a younger crowd.

If I were to buy a DST today then it would be in either Bangsar, Damansara or TTDI but I rather not live in a DST as I don't like having neighbours, especially Asian neighbours.
mezanny
post Jul 19 2022, 04:48 PM

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QUOTE(R231_SL65_AMG @ Jul 19 2022, 04:11 PM)
PJ houses aren't any hotter or cooler than other homes built during the similar period.

Personally not that big into PJ DSTs though born and raised till 11 at various PJ houses. Now I don't find them to be all that appealing to live in as many of them the road and townplanning didn't move on with time, streets that should be 1 way isn't 1 way and their commercial areas are mostly stuck in their past glory and fails to attract a younger crowd.

If I were to buy a DST today then it would be in either Bangsar, Damansara or TTDI but I rather not live in a DST as I don't like having neighbours, especially Asian neighbours.
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I am talking about my buy taste not yours

I used to stay in Damansara, hated that place. Old building next to the highway so noisy.

Damansara is like everything too far away...PJ can get things in walking distance

If you see victoria station inside D'sara there, cars double parked...so annoying


scorptim
post Jul 19 2022, 05:15 PM

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QUOTE(BrookLes @ Jul 19 2022, 03:18 PM)
Dun you see an issue when ppl start selling at a lower price when in the past, no matter what, they will never sell at a lower price?

But it's ok
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I dunno where you get this idea but everything got uptrend and downtrend. During downtrend time people selling at a lower price is the norm. Properties are not exempted from this rule. The last time there was a property downtrend was somewhere around 2006-2009 then after that came the super bull run around 2011. Maybe it’s harder to notice the downtrend since usually the downtrend for property is shorter than the uptrend period.

QUOTE(mezanny @ Jul 19 2022, 03:29 PM)
So ? its still unaffordable.

Subang jaya double storey landed ?

I am not going to buy house until I see one of my condos, not willing to take up any new loan.

Pls dun say places like Setia Alam, Elmina...and further down the road or somewhere in klang, Kajang, Bandar Sg Long
*
The topic is about whether or not there is a drop in the property market and the fact is it did drop. Whether it drop until it becomes affordable or not is a separate thing.

Subang Jaya can start from 600k to 900k depends which part and land size. Usually the cheaper ones are non gated guarded and location wise is at the most jammed parts of subang tho.



mezanny
post Jul 19 2022, 05:31 PM

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QUOTE(scorptim @ Jul 19 2022, 05:15 PM)
I dunno where you get this idea but everything got uptrend and downtrend. During downtrend time people selling at a lower price is the norm. Properties are not exempted from this rule. The last time there was a property downtrend was somewhere around 2006-2009 then after that came the super bull run around 2011. Maybe it’s harder to notice the downtrend since usually the downtrend for property is shorter than the uptrend period.
The topic is about whether or not there is a drop in the property market and the fact is it did drop. Whether it drop until it becomes affordable or not is a separate thing.

Subang Jaya can start from 600k to 900k depends which part and land size. Usually the cheaper ones are non gated guarded and location wise is at the most jammed parts of subang tho.
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Are you some kind of real estate agent ?

Which part of subang drop to 600k ? double storey landed ?

if those build by Talam one, i don't want, heard the plaster on the walls are really bad.

but subang is a bit too far for me.

I am aiming for PJ, due to proximity to family members, shopping complex, religious site, gardens, kid school, etc.

Damansara n Bangsar is too ex for me, lived there b4.

This post has been edited by mezanny: Jul 19 2022, 05:31 PM
SUSAccord2018
post Jul 19 2022, 05:38 PM

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QUOTE(scorptim @ Jul 19 2022, 05:15 PM)
I dunno where you get this idea but everything got uptrend and downtrend. During downtrend time people selling at a lower price is the norm. Properties are not exempted from this rule. The last time there was a property downtrend was somewhere around 2006-2009 then after that came the super bull run around 2011. Maybe it’s harder to notice the downtrend since usually the downtrend for property is shorter than the uptrend period.
The topic is about whether or not there is a drop in the property market and the fact is it did drop. Whether it drop until it becomes affordable or not is a separate thing.

Subang Jaya can start from 600k to 900k depends which part and land size. Usually the cheaper ones are non gated guarded and location wise is at the most jammed parts of subang tho.
*
you cannot just decide based on a small sampling. Overall the market value only increases in high-density areas and will never decrease unless msia goes bankrupt which is impossible.

You said 2016 got people selling 1-1.2M does not mean that was the market value at that time.

Btw LGE bought 2.8M only for a 4.27M valued bungalow and it does not mean the property value has fallen.

This post has been edited by Accord2018: Jul 19 2022, 05:45 PM
scorptim
post Jul 19 2022, 05:44 PM

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QUOTE(mezanny @ Jul 19 2022, 05:31 PM)
Are you some kind of real estate agent ?

Which part of subang drop to 600k ? double storey landed ?

if those build by Talam one, i don't want, heard the plaster on the walls are really bad.

but subang is a bit too far for me.

I am aiming for PJ, due to proximity to family members, shopping complex, religious site, gardens, kid school, etc.

Damansara n Bangsar is too ex for me, lived there b4.
*
Nah, never been an agent. But I’m always up to grab good deals when they appear so I do check out prop subsale and auctions quite often 😂

The ones that drop until 600k mostly are around usj 1 or 2 la and frankly it’s not appealing though it’s very convenient being near to Mydin, giant etc but you see the taman…even the roads are terrible and it’s near to subang industrial areas. Not sure built by which developer.


scorptim
post Jul 19 2022, 05:47 PM

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QUOTE(Accord2018 @ Jul 19 2022, 05:38 PM)
you cannot just decide based on a small sampling. Overall the market value only increases in high-density areas and will never decrease unless msia goes bankrupt which is impossible.

You said 2016 got people selling 1-1.2M does not mean that was the market value at that time.

Btw LGE bought 2.8M only for a 4.27M valued bungalow.
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Most people, not got people. Even now got people selling 1-1.2M. But most are selling 800k-1m.

Let’s not get technical la, for layman like me, I just check the property listings and see the price from there. That’s what the market price is…the price which is most commonly transacted in the market.
mezanny
post Jul 19 2022, 05:51 PM

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QUOTE(scorptim @ Jul 19 2022, 05:44 PM)
Nah, never been an agent. But I’m always up to grab good deals when they appear so I do check out prop subsale and auctions quite often 😂

The ones that drop until 600k mostly are around usj 1 or 2 la and frankly it’s not appealing though it’s very convenient being near to Mydin, giant etc but you see the taman…even the roads are terrible and it’s near to subang industrial areas. Not sure built by which developer.
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ugghhh don't want that area lah

too deep in subang

i used to date a girl that stayed there, drove all the way there, so troublesome.

The ones near the taipan shld be ok or tailor college inside there.
aiyoyoyo
post Jul 19 2022, 06:23 PM

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usj 4 houses. 24x75 non gated going for 730-780k.
sounds like a good deal tho
Alocasia
post Jul 19 2022, 08:44 PM

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QUOTE(scorptim @ Jul 19 2022, 10:50 AM)
Bro don’t bother la, there’s a lot of people who are in denial and trying to cover up the fact that property prices have been on a downtrend since 2017-2018 until now. If you compare against prices in 2015-2016, most areas landed subsales market price have easily fallen by around 20% only the super prime areas are not affected.

Those other so called “prime” areas like SS2, Damansara, Subang, PJ all already drop la. Example ss2, back in 2015 you can never find any landed props for less than 1m and mostly we’re selling around 1.2m. Nowadays you can easily find owners selling for 900k+ and sometimes even 800k++. Subang selling around 900k++ in 2015 now a lot are selling for 700k++ That’s a 10-20% drop right there. Of course you also need to be realistic la, don’t expect a drop above 30% for landed.

New projects prices won’t go down as developers have enough cash to build and hold and there’s always waterfishes around.
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I have been keeping eye on prices at SS2 and subang landed since 2019, I can attest to that but some ppl refused to see.

I agree that not on an unrealistic drop of >30%, based on the past data, US house price dropped about 30% during the subprime crisis.

R231_SL65_AMG
post Jul 19 2022, 09:20 PM

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QUOTE(scorptim @ Jul 19 2022, 05:47 PM)
Most people, not got people. Even now got people selling 1-1.2M. But most are selling 800k-1m.

Let’s not get technical la, for layman like me, I just check the property listings and see the price from there. That’s what the market price is…the price which is most commonly transacted in the market.
*
People often mistake listed/asking price as the price it will sell.

Also some people take the values they saw at brickz.my as the true gospel of how much a property sold for and usually forget that there could have been overvaluation in order for the buyer to pay less in deposits.


Alocasia
post Jul 19 2022, 09:36 PM

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QUOTE(mezanny @ Jul 19 2022, 05:51 PM)
ugghhh don't want that area lah

too deep in subang

i used to date a girl that stayed there, drove all the way there, so troublesome.

The ones near the taipan shld be ok or tailor college inside there.
*
QUOTE(mezanny @ Jul 19 2022, 05:31 PM)
Are you some kind of real estate agent ?

Which part of subang drop to 600k ? double storey landed ?

if those build by Talam one, i don't want, heard the plaster on the walls are really bad.

but subang is a bit too far for me.

I am aiming for PJ, due to proximity to family members, shopping complex, religious site, gardens, kid school, etc.

Damansara n Bangsar is too ex for me, lived there b4.
*
It's funny ... This post is supposed to discuss whether property prices have dropped.
Not to sell you property nor convince you to buy one of those landed given here as example.
The reason why PJ DSLs are discussed here bcos some ppl here said that condos may drop but landed won't.
scorptim
post Jul 19 2022, 09:37 PM

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QUOTE(Alocasia @ Jul 19 2022, 08:44 PM)
I have been keeping eye on prices at SS2 and subang landed since 2019, I can attest to that but some ppl refused to see.

I agree that not on an unrealistic drop of >30%, based on the past data, US house price dropped about 30% during the subprime crisis.
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Not that they cannot see bro but they are either one of the 2 type of ppl. One is the unrealistic DDD ppl who won’t consider it as a price drop until it drops to the point where it becomes affordable to them…which will never happen. The second are those BBB gang that will simply deny it because it’s not good to say their things drop price mah.

QUOTE(R231_SL65_AMG @ Jul 19 2022, 09:20 PM)
People often mistake listed/asking price as the price it will sell.

Also some people take the values they saw at brickz.my as the true gospel of how much a property sold for and usually forget that there could have been overvaluation in order for the buyer to pay less in deposits.
*
There are a lot of factors and variables that could impact the true market price. End of the day you gotta choose either one or a few indicators as your gospel.

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