Buy 4 own stay ok... Bestest buy Readymade units.

Labour shortage/ hike in costs etc = sked project stalled. Last time bad time many developer fly by nite… 🤐

This I agree... At least the unit is already there

what going to happen ?
if our property drop 30%, guess what happen to the country malaysia ? this is what u want to see, property is our last GDP sources.
New project might reduce, sub sales transaction might be drop, prices ?

Property will never ever drop. At most it is stagnant. Even a worldwide pandemic in 2020 unable to bring it down, what makes u think inflation or economy crisis will bring it down?

Buy at good location won't drop - landed or condo

The only thing went up during COVID is number of lelong properties. Now becoming less

This post has been edited by knwong: Jul 14 2022, 09:44 PM

Malaysia top GDP sectors are agriculture, manufacturing and services.
Not property. If property is our top GDP we died already.
Construction sector dropped 2 digits percentile in 2020.
Top sectors as mentioned dropped 1 digit only.

Well there will be a lot of pain obviously. In fact I am more curious about how China will resolve this as their GDP is largely dependent on their real estate.

People here don't understand basic economics and it shows.

During the early stages of the covid pandemic, there was an abundance of liquidity (the printing went crazy) so it's natural that the housing prices went up.

Therefore, to claim that the pandemic was supposed to bring down the housing prices is a contradiction in itself.

Anyway, what happens during a recession is that liquidity will shrink. People will not be able to repay loans. There will be lots of bankruptcies. There will be a credit crunch. Banks will be less likely to lend due to fear of defaults.

So there will be no buyers. And to attract buyers, sellers will need to decrease their prices. In other words, sellers will be throwing prices to save their own asses.

It will be a slow and painful process. It's due to come anyway but people will still think that it "will not happen", until it happens.

This post has been edited by Cyberbullies: Jul 14 2022, 10:48 PM

Imho, the situation you described may come, but not yet, cos no mass retrenchment yet. Then the rest of the events will follow.

Agree that it's going to be a very painful process. Ppl below 40 (including me) really had no idea hows it's gonna be like.
Ppl said 2008 didn't affect us much, and that time I believe those who were born in the early 80s were just started working.

Yeah there will be a lag. Mass retrenchment (at least in the US) is gradually happening already under the guise of "unproductive workers" or "refusal to come back to office" lol.

It's usually the lag that kills. People become complacent and feel like it won't happen over time. And then it catches you off guard and swings at you.

That's why it pays to panic first. The ones who panic first will stand to benefit from the ensuing chaos.

did i said real estate is Malaysia TOP GDP ?
u see the percentages of Malaysia Top 5 state, see how many percent from Service involve REAL Estate.

This post has been edited by X1X1: Jul 14 2022, 11:03 PM

Go down? The only way is going up, nowadays cost increases everything is up, no way it will go down.
Same goes to building materials and labor, for existing owners can't hold on, just auction and there will be ppl bid till up

Even I increases my rental

Nope why material cost all sky rocket dy. Business is to make money not losing money hence u see dev die die hold the price.

I agree. Waited. Still x drop!

End of day its location location location!

Bring it on! Drop 30% fr cost price! Please!

No.

I just bought 2 properties last month, impossible for properties to be cheaper when everything becoming more expensive.

I am a retailer, 2019 around 150k to renovate a 1200sqft shop in mall.

this year almost 250k d.

u wont be laughing.
base currency exchange, we already drop 7%, + stagnant appreciation. is around 10%

Building materials price movement has zero impact on completed poorperly. Over 85% of residential is in subsale market. If one insisted to buy overpriced new launch unit is deserved to pay water fish price.

Developers charge premium price for added amenities and landscaping. By reducing unnecessary amenities and landscaping, developers could reduce RM PSF price.

As most bought poorperly with bank loan. Price rise slower than loan interest and expenses incurred is a financial losses e.g price stagnant.

There could be substantial difference between asking, market, valuation and transacted price. Asking price is often syok sendiri and quoted by uuu.

Historically, rise in loan interest rate will tip overstretched borrowers into npl, incentived them to offload at below market price.

Many still ignorance to poorperly overhang. Until overhang is reduced substantially, price will remain suppressed.

Poorperly is illiquid, unlike commodities, stocks, BTC, etc, poorperly price takes years to bottom.

This post has been edited by icemanfx: Jul 15 2022, 04:11 AM

Hi, can you please re edit poorperly, tks

Wow so many optimism here