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

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mushigen
post Aug 17 2022, 12:55 PM

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QUOTE(scorptim @ Aug 17 2022, 11:56 AM)
In all seriousness, unless you are blind you should notice since 2016 until now property prices have already been falling. Most areas already drop by around 20-30% from the peak price in 2015. So I really dunno what further fall or how much fall you guys are expecting before you guys willing to buy.

Mark my words, this downtrend will not be forever. Max until end 2023 only then prices will start going up again. If you miss this cycle downtrend be prepared to wait another 5-10 years for the next downtrend and even then prices will be more than the current downtrend price.
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Who doesn't know this?
scorptim
post Aug 17 2022, 01:06 PM

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QUOTE(thickface @ Aug 17 2022, 12:06 PM)
Yeap everyone just flabbergasted mention price keeps going up.

Honestly the price dropped when covid first hits Malaysia. It is evidently 20% and yet people keep waiting for longer time to purchase. That time was the most uncertain and prices were good. Now it's increasing alot especially when borders open. Better buy now if it's within your price range. I don't see any reason property prices will drop since covid was the worst hit to Malaysia economy so far. Every overseas investor just pull off from Msia at that time.
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Now also haven’t increased la, it’s still in downtrend. Still a lot of good deals around.

QUOTE(mushigen @ Aug 17 2022, 12:55 PM)
Who doesn't know this?
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You see the comments in this thread la bro. So many don’t even acknowledge there has been a price drop. Dunno what they expect Rm1 mil house to drop until below 300k before they consider it a price drop?

TOMEI-R
post Aug 17 2022, 01:21 PM

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I feel that timing is the essense. For example, you may want to buy a unit around that area but nobody is selling at the price you want and vice versa. So if you happen to chance on a unit you really want and at the right price, go for it rather than waiting for the prices to drop.
Drian
post Aug 17 2022, 01:39 PM

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This talk of property will drop has been mentioned for 6 years already but it didn't happen.

mushigen
post Aug 17 2022, 01:41 PM

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QUOTE(scorptim @ Aug 17 2022, 01:06 PM)

You see the comments in this thread la bro. So many don’t even acknowledge there has been a price drop. Dunno what they expect Rm1 mil house to drop until below 300k before they consider it a price drop?
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I see what you mean. I was referring to the "not forever". Nothing is forever mah.
SUSAccord2018
post Aug 17 2022, 02:00 PM

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QUOTE(guest16888 @ Aug 17 2022, 12:41 PM)
property will not drop as it is held mainly by rich people
they do not need to sell to fund their life
only a handlful sell below price as baits, but those are 90% scammers who take your deposit and runaway
maybe they don't even own it or they are multiple owners

the issue with these properties, they face value is high price, but almost zero transaction.

unless it is island effect like singapore , the price never drops , as population and immigration demand push them up
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scarce resources will not drop price one especially human populations keep increasing. If you managed to see a cheaper one also because there is no buyer or that is a ghostly house. laugh.gif
thickface
post Aug 17 2022, 02:21 PM

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QUOTE(scorptim @ Aug 17 2022, 01:06 PM)
Now also haven’t increased la, it’s still in downtrend. Still a lot of good deals around.
You see the comments in this thread la bro. So many don’t even acknowledge there has been a price drop. Dunno what they expect Rm1 mil house to drop until below 300k before they consider it a price drop?
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Well wouldn't disagree with you on certain props. But you can see certain props demanding higher prices compared to covid-19 times as they are not needing that extra money anymore. They can afford to keep now.
scorptim
post Aug 17 2022, 02:34 PM

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QUOTE(mushigen @ Aug 17 2022, 01:41 PM)
I see what you mean. I was referring to the "not forever". Nothing is forever mah.
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Fair enough haha.

QUOTE(thickface @ Aug 17 2022, 02:21 PM)
Well wouldn't disagree with you on certain props. But you can see certain props demanding higher prices compared to covid-19 times as they are not needing that extra money anymore. They can afford to keep now.
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Those are the cash rich holders, they can put whatever price they a want but I doubt people will buy. Except for really super prime areas like city center, most other areas until now is still 20% below the price back in 2015/2016.

But as usual la, unrealistic people expect 80% drop not 20% drop 😂
scorptim
post Aug 17 2022, 02:35 PM

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QUOTE(Drian @ Aug 17 2022, 01:39 PM)
This talk of property will drop has been mentioned for 6 years already but it didn't happen.
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Already drop by 20-30% if compare now to 2015/2016 prices. You want drop by how much baru you consider drop? 1 mil house drop until 100k?
thickface
post Aug 17 2022, 03:23 PM

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QUOTE(scorptim @ Aug 17 2022, 02:34 PM)
Fair enough haha.
Those are the cash rich holders, they can put whatever price they a want but I doubt people will buy. Except for really super prime areas like city center, most other areas until now is still 20% below the price back in 2015/2016.

But as usual la, unrealistic people expect 80% drop not 20% drop 😂
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Like you said depends on area. I did see transaction going on and on especially on prime areas. Within a month, the banner being removed.

It's still below 2015/2016 price le... Which at that time, everyone just jack up the price and see which water fish will buy. Competition was lesser too that time especially on landed houses.
undentifiedKC
post Aug 17 2022, 04:50 PM

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QUOTE(Drian @ Aug 17 2022, 01:39 PM)
This talk of property will drop has been mentioned for 6 years already but it didn't happen.
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already and still happening, just that it din drop until ur preference range thats y u cant see it
ralfvi
post Aug 17 2022, 04:53 PM

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how to drop if raw price and labour increase.
its getting more expensive. stagnant price or dip yes.
but drop nope dont think so.
CSW1990
post Aug 17 2022, 04:53 PM

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QUOTE(Drian @ Aug 17 2022, 01:39 PM)
This talk of property will drop has been mentioned for 6 years already but it didn't happen.
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Heard this already at least 10 years ago .. now those experts still saying nowadays property price still too high poorperty bubble will burst soon… maybe the burst they were saying are price drop 70% suddenly…
In my opinion if property price stagnant for years basically no different to price drop already..
But good location it won’t drop significantly the high demand still there
SUSEurochem
post Aug 17 2022, 05:49 PM

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stagnant or gradual decline.
unless we get repeat of 2008 lehman brothers, not gonna crash anytime soon
wow1wow2
post Aug 17 2022, 06:43 PM

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My area in Klang the property is increasing like crazy so I'm really curious which area is dropping now
scorptim
post Aug 17 2022, 07:01 PM

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QUOTE(thickface @ Aug 17 2022, 03:23 PM)
Like you said depends on area. I did see transaction going on and on especially on prime areas. Within a month, the banner being removed.

It's still below 2015/2016 price le... Which at that time, everyone just jack up the price and see which water fish will buy. Competition was lesser too that time especially on landed houses.
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Below 2015/2016 price means drop la. Now a lot of buyers with money are hunting for good deals so any good deals are snapped up fast. They know the downtrend will end soon so snap before uptrend comes.


QUOTE(undentifiedKC @ Aug 17 2022, 04:50 PM)
already and still happening, just that it din drop until ur preference range thats y u cant see it
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Exactly bro, been dropping for 6-7 years already. What drop they want summore?

QUOTE(CSW1990 @ Aug 17 2022, 04:53 PM)
Heard this already at least 10 years ago .. now those experts still saying nowadays property price still too high poorperty bubble will burst soon… maybe the burst they were saying are price drop 70% suddenly…
In my opinion if property price stagnant for years basically no different to price drop already..
But good location it won’t drop significantly the high demand still there
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Property prices have already dropped, Cincai you compare prices from 2015/2016 against now even areas like damansara, subang, PJ easily dropped by 20%. How much more drop are people expecting?

QUOTE(wow1wow2 @ Aug 17 2022, 06:43 PM)
My area in Klang the property is increasing like crazy so I'm really curious which area is dropping now
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You compare against when punya price?
nihility
post Aug 19 2022, 05:38 PM

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The planning activities for properties are resuming. If for own stay, buy. If investment, I think better hold your hand brake.
SUSAccord2018
post Aug 19 2022, 05:49 PM

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QUOTE(wow1wow2 @ Aug 17 2022, 06:43 PM)
My area in Klang the property is increasing like crazy so I'm really curious which area is dropping now
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if got ghostly or owner owing ah long then maybe will drop lar. and the price shown online is not even an offer and they can don't sell you that price also. In my area, keep increasing got lar. Want then buy now before increases again after 10 years.

This post has been edited by Accord2018: Aug 19 2022, 06:09 PM
SUSNew Klang
post Aug 19 2022, 08:09 PM

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Usually agents advertise price lower than market to attract buyers enquiries and collect contact numbers.

When called, houses have just been sold off
SUSsinkiebaharu
post Aug 19 2022, 09:15 PM

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MY props cheap like dirt, still want cheaper? Really katak di bawah tempurung. If you look at prices elsewhere in Asia and around the world, then you will wake up and see how cheap it is...even lower GDP countries have more expensive properties now.

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