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

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shakku
post Mar 1 2024, 10:32 AM

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QUOTE(gashout @ Mar 1 2024, 10:23 AM)
forgot to include interest rate, cukai pintu, this bill, that bill, maintanence fee.

want to know the TRUE return of owning a property?

close to none.

better put money in epf, earn interest.
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Yup. It's NONE if you stayed in said property.

icemanfx
post Mar 1 2024, 11:15 AM

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QUOTE(shakku @ Mar 1 2024, 10:02 AM)
Property prices will always go up, inline with inflation provided the location is not terrible.
500k property will be 1mil after 35 years not because it became valuable, but bank's interest of 4% over initial 500k till 35 years.

Most owners will sell it at breakeven, who will want to take loss isnt?

Long time ago, property are used to flip to quick wealth. Now it has become like gold investing, to protect your wealth from sinking further from inflation.
RM10 now is small compared 10 years back.
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Residential value rise at about inflation rate in the long term. However, due to excessive price rise in 2011-2014, believe current price yet to return to long term trend.

This post has been edited by icemanfx: Mar 1 2024, 11:15 AM
benzxzx
post Mar 1 2024, 12:11 PM

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QUOTE(icemanfx @ Mar 1 2024, 11:15 AM)
Residential value rise at about inflation rate in the long term. However, due to excessive price rise in 2011-2014, believe current price yet to return to long term trend.
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speaking of which, recently I offered owner 740k for a 1099 square feet freehold 2+1 serviced residences in PJ postcode 47820, where he intended to sell it for 800k.

He claimed to be selling at loss as SPA price around 850k but looking at his acquisition year 2013~2015, one shouldn't be surprised at the drop in value. The thing is if you get it at all time high, you should be thankful there's still buyer willing to take over. any fall isnt really fall but more like correction to reflect actual market value
icemanfx
post Mar 1 2024, 01:08 PM

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QUOTE(benzxzx @ Mar 1 2024, 12:11 PM)
speaking of which, recently I offered owner 740k for a 1099 square feet freehold 2+1 serviced residences in PJ postcode 47820, where he intended to sell it for 800k.

He claimed to be selling at loss as SPA price around 850k but looking at his acquisition year 2013~2015, one shouldn't be surprised at the drop in value. The thing is if you get it at all time high, you should be thankful there's still buyer willing to take over. any fall isnt really fall but more like correction to reflect actual market value
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Most of those bought overpriced units during the bull run are likely underwater.

JimbeamofNRT
post Mar 16 2024, 02:01 PM

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QUOTE(benzxzx @ Mar 1 2024, 12:11 PM)
speaking of which, recently I offered owner 740k for a 1099 square feet freehold 2+1 serviced residences in PJ postcode 47820, where he intended to sell it for 800k.

He claimed to be selling at loss as SPA price around 850k but looking at his acquisition year 2013~2015, one shouldn't be surprised at the drop in value. The thing is if you get it at all time high, you should be thankful there's still buyer willing to take over. any fall isnt really fall but more like correction to reflect actual market value
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KD ah? for 800K there are plenty of choice tbh


QUOTE(icemanfx @ Mar 1 2024, 01:08 PM)
Most of those bought overpriced units during the bull run are likely underwater.
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indeed!
TSjrshow
post Mar 18 2024, 04:57 PM

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QUOTE(JimbeamofNRT @ Mar 16 2024, 02:01 PM)
KD ah? for 800K there are plenty of choice tbh
indeed!
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tat is condo price..i think landed will remain strong
JimbeamofNRT
post Mar 19 2024, 11:18 AM

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QUOTE(jrshow @ Mar 18 2024, 04:57 PM)
tat is condo price..i think landed will remain strong
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original quote

QUOTE(benzxzx @ Mar 1 2024, 12:11 PM)
speaking of which, recently I offered owner 740k for a 1099 square feet freehold 2+1 serviced residences in PJ postcode 47820, where he intended to sell it for 800k.

He claimed to be selling at loss as SPA price around 850k but looking at his acquisition year 2013~2015, one shouldn't be surprised at the drop in value. The thing is if you get it at all time high, you should be thankful there's still buyer willing to take over. any fall isnt really fall but more like correction to reflect actual market value
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Dingdongcc
post Mar 19 2024, 06:54 PM

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Well as someone who has no property yet, I hope can crash but I don’t think will happen
iphonegizmo
post Mar 20 2024, 08:15 AM

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........

This post has been edited by iphonegizmo: Dec 28 2024, 02:09 PM
TSjrshow
post Mar 20 2024, 09:06 AM

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QUOTE(iphonegizmo @ Mar 20 2024, 08:15 AM)
I selling off as want downsizing.. as single person 

[WTS] Setia Utama 2 LINK HOUSE (Setia Alam)

Freehold 3 Storey Link Terrace 22x65 End
+ Extra land (11x22ft) (33’ front x 87’ back)

Land Area : 2502sq ft
Subsale Price : RM 1,2X0,000 neg
Price PSF : ~<RM 500

WhatsApp: 011- two 3301889

user posted image
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12x0K mcm susah oh bro...
kkkw80
post Mar 20 2024, 09:36 AM

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QUOTE(jrshow @ Mar 20 2024, 09:06 AM)
12x0K mcm susah oh bro...
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Agree, must as well buy a garden home in more prestigious Eco Ardence
gashout
post Mar 20 2024, 09:39 AM

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QUOTE(kkkw80 @ Mar 20 2024, 09:36 AM)
Agree, must as well buy a garden home in more prestigious Eco Ardence
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ecoworld has some decent designs... but their supply also too much, now secondary market is very attractive.

but location is a problem.
ayamxxx
post Mar 20 2024, 10:23 AM

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QUOTE(Dingdongcc @ Mar 19 2024, 06:54 PM)
Well as someone who has no property yet, I hope can crash but I don’t think will happen
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built wealth or cash reserve and buy lelong units. too many in KL/ Selangor especially the Condo.
romuluz777
post Mar 20 2024, 11:18 AM

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QUOTE(ts1 @ Jan 5 2024, 03:43 PM)
kinrara smile.gif
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Bdr Kinrara landed prop prices are holding pretty steady.
TSjrshow
post Mar 20 2024, 11:38 AM

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usj landed property also naik x3...
Dingdongcc
post Mar 20 2024, 01:51 PM

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QUOTE(ayamxxx @ Mar 20 2024, 10:23 AM)
built wealth or cash reserve and buy lelong units. too many in KL/ Selangor especially the Condo.
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I heard lelong alot of problem also
ayamxxx
post Mar 20 2024, 02:34 PM

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QUOTE(Dingdongcc @ Mar 20 2024, 01:51 PM)
I heard lelong alot of problem also
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Long time ago old units, nowadays 1-3 years old after getting keys also got lelong.
TSjrshow
post Mar 20 2024, 03:27 PM

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QUOTE(ayamxxx @ Mar 20 2024, 02:34 PM)
Long time ago old units, nowadays 1-3 years old after getting keys also got lelong.
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so u mean the property will drop price?
gashout
post Mar 20 2024, 04:11 PM

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QUOTE(jrshow @ Mar 20 2024, 11:38 AM)
usj landed property also naik x3...
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how many years did it take?
Dingdongcc
post Mar 20 2024, 04:38 PM

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QUOTE(ayamxxx @ Mar 20 2024, 02:34 PM)
Long time ago old units, nowadays 1-3 years old after getting keys also got lelong.
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what i meant by problem is, you need 10% then need to secure loan fast, if cant manage to secure, then 10% burn or need 100% cash. This is what i saw some people explain in other forum. So its not that easy to buy lelong

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