Interesting...I really didn't know abt it. Usually subsale will get bank valuation also how to play around with overvaluation here?

that's exactly what I was discussing until scortim disputed to me on landed does drop.

We didn't trade any property, we just discussed about location as scortim says that prices of some areas in PJ has dropped

it probably has, but not at a point to make it worthwhile to buy

True. There are too many tricks used by agents and buyers/sellers in real estate industry. This is another reason why the real estate industry has to be regulated.

will it fall soon?

With the current inflation, the prices of raw materials, labour and marketing have been increasing. It is unlikely that the property market will fall much.

But ringgit devaluation is probably something to worry about.

high inflation --- house price increase
good economy ---- house price increase also

no matter how house price sure increase..

asking price for rental seems increase since April 2022

But are people buying?

Transaction data seems to show the market is all but dead.

High property price, ppl rather rent than buy...

rent also not cheap...

for example a terence house in USJ can rent around 1800 semi furnish
if installment also around 2.3K..
looks like not very worth..

But that’s still a near 20 year old house.

The maintenance on such a house don’t come cheap.

majority property investor is NOT good investor.

They mostly failed Math.

Property is a hotcake in investment is just A MYTH.

Most of them only HOLDING PAPER "PROFIT" in hand. ( unrealized profit )


like if i manage to sell my property in hand, i got profit 500k

yah. IF. IF.


Or, If next 10 year, my property double value

i can earn 500k.

yah. If. If.

IFFF

This post has been edited by ifourtos: Aug 15 2022, 02:59 PM

Msian has unbelievable holding power wan... price won't come down, at most stagnant only. Holding power comes from family few generations of hard work, can help their children to sustain.

The real problem gonna come after this strawberry generations where they flung all the money without regenerating them for their next generations.

Land property is always up specially the freehold....

Condo below 800k still manage to sold depend which area.. For those cost million very challenging specially sub-sales....

Yea, rental is not cheap, but nowadays rental also hard to cover installment, plus owner still need to pay for maintenance fee, property related tax, major and minor repairs depending on the property condition.

Won't drop as long as developers got holding power. TS can look at lelong units if looking for a bargain

price for subsales is falling kan? but well ppl is in denial because new project price is hiking kekk

if 1 cant afford to pay for 10% downpayment + simple reno fees, then they shouldnt get a house

Those props are also down from their highs, most that are transacted are well below market value.

Correct!

Cement, construction worker cost, steel, iron are going up to build new properties.

So property prices will not crash, the most is go stable.

This post has been edited by ericthai: Aug 17 2022, 08:51 AM

This is true, we have been renting even tho we can afford.
Last year when we were looking for house to stay, property prices for landed at our desired place was very hot,
we decided to rent and not FOMO (very difficult, cos you also afraid that it will keep going up and you may have missed the boat).

Coming today, we noticed that the demand has cooled down a little, even asking price (depending on the condition of the house (old neighborhood)) also dropped 20k at least.
To put in perspective, assume that our rent is 1800 per month, that is 21,600 per year. no maintenance fees
If we delayed 1 year or so to buy, you also save abt at least 20k of the house price, + higher bank loan, + interest rate.